REC mandates banks for new $300m deal

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REC mandates banks for new $300m deal

Shruti Chaturvedi
October 20, 2015 11:00 am
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High-voltage wires and transformers. Electrical distribution station | Deyan Georgiev/Deyan Georgiev - Fotolia

India's Rural Electrification Corp, which sent out a request for proposals for a loan of $150m in September, has zeroed in on two lenders to supply the funds and doubled the size of its deal.

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Syndicated LoansIndiaAsiaNews contentEmerging Market LoansInvestment Grade LoansEmerging MarketsHSBCState Bank of India SBI
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Shruti Chaturvedi
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