REC Raises $1.25 Billion to Finance Power Infrastructure & Logistics Projects

The loans come with a five-year tenor and are benchmarked to Secured Overnight Financing Rate

September 6, 2023

/ Satish Shetty
/ Finance and M&A, Other
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REC Limited, a public infrastructure finance company, has raised $1.25 billion in August and September 2023 from a consortium of six banks and through a Foreign Currency Term Loan Agreement.

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Satish Shetty

More articles from Satish Shetty.
Bank of IndiaExim Bank of IndiaGIFT CityHSBCInfrastructure FinancingloansREC LimitedSBI
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