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REC Raises $500 Million via New 5.5Y Bond

REC Raises $500 Million via New 5.5Y Bond

Indian state-owned infrastructure finance company REC Ltd. raised $500mn via a 5.5Y bond priced on Monday at a yield of 2.303%, 170bp over Treasuries and 35bp inside initial guidance of T+205bp area. The new senior unsecured bonds carry a coupon of 2.25% and are...
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