India’s Rural Electrification Corporation Limited (RECL) is planning to raise funds through two bonds, one with a maturity of three years and two months, and the other with a maturity of 10 years. The state-run company aims to raise up to INR 30 billion ($361.31 million) through the bond issuances. The funds raised will include a greenshoe option, with up to INR 25 billion via shorter-tenor bonds and up to INR 25 billion via 10-year notes. RECL has invited bids for both bond issuances. The tentative bidding dates are February 21 for both issuances.
RECL Plans to Raise Funds Through Two Bonds of Different Tenures
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