{"id":424738,"date":"2021-07-07T10:47:30","date_gmt":"2021-07-07T05:17:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424738"},"modified":"2021-07-07T10:47:30","modified_gmt":"2021-07-07T05:17:30","slug":"rec-raises-400-million-at-a-tighter-rate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-raises-400-million-at-a-tighter-rate\/","title":{"rendered":"REC raises $400 million at a tighter rate"},"content":{"rendered":"<p>Rural Electrification Corporation NSE -0.90 % raised $400 million by selling bonds to overseas investors as it aims to fund power projects.<\/p>\n<p>Those bonds were priced after adding about 193 over and above five-year US Treasury (UST). It yielded 2.75 percent, about 38 basis points tighter than initial price guidance, two market sources said.<\/p>\n<p>A group of foreign banks including Barclays, MUFG, Standard Chartered Bank and Citi helped the company raise offshore funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rural Electrification Corporation NSE -0.90 % raised $400 million by selling bonds to overseas investors as it aims to fund power projects. Those bonds were priced after adding about 193 over and above five-year US Treasury (UST). It yielded 2.75 percent, about 38 basis points tighter than initial price guidance, two market sources said. A group of foreign banks including Barclays, MUFG, Standard Chartered Bank and Citi helped the company raise offshore funds.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-424738","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424738","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424738"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424738\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}