The issue received significant interest from high quality, real money institutional investors," the banker said. Barclays, Standard Chartered and SBI Caps are the bankers to the deal. Fitch Ratings has assigned the green bonds an expected rating of 'BBB-(EXP)'. "The issuer will allocate the net proceeds from the sale of the notes to the financing of eligible green projects, such as energy efficiency or renewable energy projects," Fitch said in a release. PFC is hitting the offshore bond market after almost two decades. According to Bloomberg data, the last time the company raised funds in the overseas bond market was in 1999 when it picked up $100 million via seven-year paper at a coupon rate of 6.31%. Given this, bankers said that the spread on Rural Electrification Corporation's 10-year dollar bonds issued in June this year would help in arriving at an indicative pricing for PFC's issue.