Indian bank REC Ltd. issued US$500 million of 3.50% notes Dec. 5.
The notes will mature Dec. 12, 2024. The company will use net proceeds from the issuance to lend to the power sector, according to a stock exchange filing.
India's REC issues US$500M of notes
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Indian bank REC Ltd. issued US$500 million of 3.50% notes Dec. 5.
The notes will mature Dec. 12, 2024. The company will use net proceeds from the issuance to lend to the power sector, according to a stock exchange filing.