PTC India Financial Services (PFS) is reportedly planning to raise up to Rs 2,000 crore through a bonds issue. The first tranche will be of about Rs 600 crore under a 10-year bonds issue. This will be issued by the end of April.
The bonds by the company are backed by bank credit from public sector lender, State Bank of India for worth Rs 2,000 crore, which makes it unique from any non-banking finance company (NBFC). The company is also getting interest from other private sector banks to extend such facility.
PTC India Financial Services is an Indian non-banking financial institution. The company makes principal investments in, and provides financing solutions for, companies with projects across the energy value chain.