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Rural Electrification Corp Ltd Plans To Raise INR3 Billion In Debt-Reuters

Tuesday, 8 Oct 2013 08:34am EDT 

Reuters reported that Rural Electrification Corp Ltd (REC) is looking to raise INR3 billion ($48.51 million) via three-year and five-year bonds, according to a term sheet seen by Reuters. The planned bond issuance for the secured non-convertible debt is expected to open on October 11 and close the following day, according to the term sheet.