REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

The amount is the single largest syndicated loan raised by an Indian NBFC

January 14, 2022

/ Rakesh Ranjan
/ Finance and M&A, Other
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REC Limited, a public infrastructure finance company, involved in financing power projects, has raised $1.175 billion (~₹82.45 billion) from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners.

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Rakesh Ranjan

More articles from Rakesh Ranjan.
banksNBFCpower sectorREC LimitedSyndicated Loan
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