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 âglobal medium-term note programmeâ 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 âglobal medium-term note programmeâ 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.