{"id":304534,"date":"2019-12-07T10:21:40","date_gmt":"2019-12-07T04:51:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304534"},"modified":"2019-12-07T10:24:00","modified_gmt":"2019-12-07T04:54:00","slug":"rec-raises-500-mn-via-unsecured-notes-to-lend-to-power-sector-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-raises-500-mn-via-unsecured-notes-to-lend-to-power-sector-companies\/","title":{"rendered":"REC raises $500 mn via unsecured notes to lend to power sector companies"},"content":{"rendered":"<p>REC Ltd on Friday said it has raised $500 million (about Rs 3,550 crore) by issuing unconditional and unsecured notes (bonds), and the proceeds would be used for lending to power sector. <\/p>\n<p>&#8220;REC Ltd has issued $500,000,000, 3.50 per cent notes due 2024, on December 05, 2019. The notes will mature on December 12, 2024 and all principal and interest payments will be made in US Dollars,&#8221; the state-run company said in a BSE filing. <\/p>\n<p>The settlement date for the notes is expected to be December 12, 2019, it added. <\/p>\n<p>The notes represent direct, unconditional and unsecured obligations of the issuer and will rank pari passu among themselves and all other unsecured obligations of the issuer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REC Ltd on Friday said it has raised $500 million (about Rs 3,550 crore) by issuing unconditional and unsecured notes (bonds), and the proceeds would be used for lending to power sector. &#8220;REC Ltd has issued $500,000,000, 3.50 per cent notes due 2024, on December 05, 2019. The notes will mature on December 12, 2024 and all principal and interest payments will be made in US Dollars,&#8221; the state-run company said in a BSE filing. The settlement date for the notes is expected to be December 12, 2019, it added. The notes represent direct, unconditional and unsecured obligations of the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-304534","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=304534"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304534\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}