REC prices tight $650m on strong demand

Rashmi Kumar

July 19, 2019 06:00 AM

India_flag_PA_230x150 — supporter of India during the Champions Trophy finale between the Australia and India on the fields of BH&BC Breda on Juli 1, 2018 in Breda, the Netherlands. | Gerrit van Keulen/PA Images

Rural Electrification Corp took advantage of strong demand for Indian credits this week, raising $650m despite paying a negligible new issue premium.

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Topics

Barclays Corporate Bonds India Asia Standard Chartered South Asia Asia Pacific Emerging Markets HSBC DBS High grade and crossover bonds

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Rashmi Kumar