State-run REC raises $500 million through issuance of notes
State-run REC Ltd on Tuesday said it has raised USD 500 million through issuance of notes (bonds) under its USD 7 billion Global Medium Term Note Programme which would be used to finance the power sector.
“REC Limited has priced USD 500,000,000, 2.25 per cent Notes due 2026, on 22 February, 2021 under its USD 7 billion Global Medium Term Note Programme…. The Notes will mature on 1st September 2026 and all principal and interest payments will be made in US dollars. The settlement date for the Notes is expected to be 1st March 2021,” a BSE filing said.
