REC turns to US for $700m in first 144A trade

Morgan Davis

November 01, 2018 12:00 pm

America_USA_Flag_Fotolia_230x150 — American flag USA stars and stripes on flagpole in the wind with blue sky and clouds | James Yet Ming Au Photography JAMES YET MING AU/1jaimages - Fotolia

India’s Rural Electrification Corp pushed into the US market on Wednesday with its first 144A deal, to diversify its investor base. The power financing company decided to keep the $700m deal to one tranche and opted to leave some premium for investors.

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Topics

JP Morgan Citi Barclays Corporate Bonds India Asia Standard Chartered South Asia Morgan Stanley Asia Pacific Emerging Markets HSBC High grade and crossover bonds

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Morgan Davis

Deputy editor GlobalCapital Asia