India’s REC powers up increased loan

02 Aug 2011

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 point.

ANZ, Bank of Tokyo-Mitsubishi, Mizuho and SMBC are running the ...

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