PTC India Financial Services inks loan agreement with OeEB

PTC India Financial Services (PFS), a leading Infrastructure Finance Company, has signed an agreement with OESTERREICHISCHE ENTWICKLUNGSBANK AG (OeEB), the Development Bank of Austria for External Commercial Borrowing (ECB) of $20 Million at highly competitive interest rate.

As per the agreement, PFS will utilize the ECB towards growth of its renewable loan portfolio and help it in lowering its interest cost which has total tenure of about 10 years including two year moratorium on principal repayments.

PFS is a non-banking finance company promoted by FTC India Limited. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The Company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS  also provides fee based services viz loan syndication and underwriting etc.