REC powers up for increased loan as Indian Railway preps

Rural Electrification Corp launched a $300m loan into syndication this week, becoming the latest in a long line of Indian state-owned companies to tap the loan market. Indian Railway Finance Corp is readying its $200m loan, which bankers could launch as soon as Friday.

  • 04 Aug 2011

Bankers are optimistic that there will be strong demand for both deals, despite a heavy supply from the sector this year, and they even increased REC’s loan from $200m before launch to prove the point.

ANZ, Bank of Tokyo-Mitsubishi, Mizuho and SMBC are running REC’s five year deal, which ...

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