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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.

Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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