REC Ltd has raised $500 million (about Rs 3,550 crore) by issuing unconditional and unsecured notes (bonds), and the proceeds would be used for lending to power sector. The notes represent direct, unconditional and unsecured obligations of the issuer and will rank pari passu among themselves and all other unsecured obligations of the issuer.
REC raises $500 mn via unsecured notes to lend to power sector companies
Date posted: Monday 9 December 2019