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| PTC Financial raises Rs 100 cr via debentures |
| Press Trust of India / New Delhi Feb 08, 2010, 15:02 IST |
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PTC India Financial Services, promoted by PTC India, today said it has raised Rs 100 crore by issuance of non-convertible debentures.
PTC India Financial Services (PFS) has raised another tranche of Rs 100 crore through the issue of secured non-convertible debentures, a company statement said.
The bond was issued at a coupon rate of 9.35 per cent annually with tenure of 2 years. The proceeds from it shall be used for the growth plan of PFS and is proposed to be listed on the National Stock Exchange (NSE), it said.
The company raised Rs 100 crore in September 2008 through issuance of bonds of 5 years. The company has a total net worth of more than Rs 600 crore.
PFS has sanctioned Rs 454 crore and Rs 826 crore in the form of equity and debt, respectively, and Rs 448 crore as mezzanine-- a hybrid of debt and equity financing that is used to fund the expansion of existing companies.
The investment portfolio of PFS includes power exchange, wind turbine manufacturing unit, and power projects based on coal, hydro, bio-mass, wind and solar.
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