Power Finance Corporation Limited (PFC) is partnering with SACE, the export credit agency of Italy, for an innovative ECA-backed financing facility under its ‘Push Strategy’ initiative.
The collaboration will boost the cooperation between the two countries. This proposed partnership will position PFC as the first government-owned entity in India to partner with SACE under this initiative. Through this structure, PFC will benefit from an 80 per cent guarantee from SACE, with HSBC acting as a coordinating bank, lead arranger and facility agent for the financing of up to 200 million euros.
