{"id":602422,"date":"2023-09-08T10:51:20","date_gmt":"2023-09-08T05:21:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602422"},"modified":"2023-09-08T10:51:20","modified_gmt":"2023-09-08T05:21:20","slug":"rec-signs-100-million-term-loan-agreement-with-exim-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-signs-100-million-term-loan-agreement-with-exim-bank\/","title":{"rendered":"REC signs $100 million term loan agreement with EXIM Bank"},"content":{"rendered":"<p>REC Ltd has signed a foreign currency term loan agreement for $100 million, with Export Import Bank of India (EXIM Bank), the company said on Wednesday.<\/p>\n<p>The funds will be raised as part of REC&#8217;s broader market borrowing programme of Rs 1.20 lakh crore for 2023-24.<\/p>\n<p>The loan has been tied up for a 5-year tenor and is benchmarked to SOFR (Secured Overnight Financing Rate), the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REC Ltd has signed a foreign currency term loan agreement for $100 million, with Export Import Bank of India (EXIM Bank), the company said on Wednesday. The funds will be raised as part of REC&#8217;s broader market borrowing programme of Rs 1.20 lakh crore for 2023-24. The loan has been tied up for a 5-year tenor and is benchmarked to SOFR (Secured Overnight Financing Rate), the company said.<\/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-602422","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\/602422","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=602422"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602422\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}