REC Raises $300 Million Through Dollar Bond

REC Raises $300 Million Through Dollar Bond

New Delhi 16th March 2018: REC has successfully priced 10 year USD Reg-S Bond at a coupon of 4.625% and raised USD 300 million. The issuance received an excellent response with order book of more than USD 900 million. The net proceeds will be used for power sector development.

Leave a reply

Your email address will not be published. Required fields are marked *