REC raises $1175 mn syndicated loan in international market

The deal, benchmarked to USD LIBOR, was anchored by seven Indian and international banks, namely Axis Bank, Bank of Baroda, Bank of India, Canara Bank, DBS, MUFG and SMBC. The deal will be launched in the Asian loan syndication market shortly to capture interest from a wider investor community.

from Energy-Industry-Economic Times https://ift.tt/3nq3y03