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dailyexcelsior.com - 6 days ago

REC raises USD 1,175 million from a consortium of seven banks

New Delhi, Jan 14: State-owned REC has raised USD 1,175 million from a consortium of seven banks. In a landmark transaction, REC Limited (REC) successfully raised USD 1,175 million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs), a statement said. According to the statement, this is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC. The deal, benchmarked to USD LIBOR, was anchored by seven Indian and [ ] The post REC raises USD 1,175 million from a consortium of seven banks appeared first on Jammu Kashmir Latest News | Tourism | Breaking News J K.


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