Rural Electrification Corp (REC) has raised USD 400 million via dollar bonds in London on December 11.

REC in a statement said, “The REC concluded a USD 400 million Reg S bonds deal in London on December 11, 2017.”

Further, it stated that the bond is priced at 115 basis points over 3 years US Treasury and is for refinancing the existing ECB. Moreover, this is the second international bond transaction by REC this year.

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