Pfc Awaits Nod For $75-Million Euro Loan

We have already tied for the syndicated loan, with NatWest Bank of UK as the lead managers, for a six year period and our terms are perhaps better than what any financial institution got from the European market, Power Finance Corporation chairman Uddesh Kohli said.

Once we have the finance ministry clearance, we can immediately tie-up the loan, as also the DM200-million line of credit from IKB Bank of Germany, Dr kohli said. Both the British and German banks have given their consent to the deal, he said.