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REC Raises $700 Million Through Global Medium-Term-Note Program

Proceeds will be used to finance power projects in accordance with RBI approvals and ECB Guidelines

November 2, 2018

/ Saumy Prateek
/ Finance and M&A, Solar
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The REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise under the Government of India, has raised $700 million through initial foray of its $5 billion global medium-term-note (GMTN) program into the 144a market (US Securities and Exchange Act 1933).

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Saumy Prateek

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BondCPSEGlobalGMTNMedium-Term Note ProgramNBFCREC Limited
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