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REC to raise $400 million through dollar bonds

12 Dec 2017 Evaluate

Rural Electrification Corporation (REC) will raise at least $400 million in three-year dollar money in the international bond markets. The issuer has given an initial price guidance of 175 basis points over the US treasury.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC Share Price

373.35 9.20 (2.53%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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