India’s REC powers up $150m syndication

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By GlobalCapital
13 Jul 2016

India’s Rural Electrification Corp (REC) has sent banks a request for proposals for a new $150m loan.

The company is seeking five year money, with a base size of $150m and an undisclosed greenshoe option, said a banker. Unlike a recently signed $120m deal that was for refinancing, the latest one is for onward lending.

This means that Indian lenders, which are barred by the Reserve ...

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