REC to raise up to 70 billion rupees via 10y and 5y notes
India’s REC plans to raise up to 70 billion rupees via bonds maturing in 10 years and 14 days and five years and 14 days. The issue includes a 57 billion rupee greenshoe option, with the five-year note carrying a put option after three…
00 million), including a greenshoe option of 57 billion rupees, through a bond sale with maturities of 10 years and 14 days and five years and 14 days, three bankers said on Thursday. The five-year note will carry a put option after three years and 14 days, according to the bankers.