Corporate News     04-Jan-13
PFS raises long term loan from IFC at attractive rates
PTC India Financial Services (PFS) has executed a loan agreement with International Finance Corporation (IFC) for borrowing upto Rs 1,620 million to finance the renewable projects.

The loan is repayable in 36 quarterly installments with a three year moratorium on principal repayments and is availed at fixed interest rate on fully hedged basis. PFS has earlier availed a loan of USD 50 million from IFC and USD 26 million from DEG.

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