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REC Raises $500 Million Through Bonds

REC Raises $500 Million Through Bonds Feb 23 2021, 7:58 PM February 23 2021, 7:58 PM February 23 2021, 7:58 PM State-run REC Ltd. on Tuesday said it has raised $500 million through issuance of bonds under its $7 billion ‘global medium-term note programme’ which would be used to finance the power sector. State-run REC Ltd. on Tuesday said it has raised $500 million through issuance of bonds under its $7 billion ‘global medium-term note programme’ which would be used to finance the power sector. The 2.25% notes will be due in 2026 and all interest payments will be made in U.S. dollars, it said in a stock exchange filing. The settlement date for the notes is expected to be March 1, 2021.

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