Rural Electrification Corp has launched a $300m loan into syndication, becoming the latest in a long line of India state-owned companies to tap the loan market.
There has been a heavy supply from the sector already this year, but
bankers are optimistic that there will still be strong demand for the
deal -- and increased the loan from $200m before launch to prove the
ANZ, Bank of Tokyo-Mitsubishi, Mizuho and SMBC are running the
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