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Rural Electrification Corp to raise $300 million selling green bonds

Rural Electrification Corp to raise $300 million selling green bonds

Rural Electrification Corp, the nodal public sector company to finance power projects in rural India is planning to raise $300 million by selling bonds to overseas investors as early as next week, two people familiar with the deal said.

The bonds are so called green bonds and will be used to finance environmentally friendly projects. These bonds will be the first such by REC under its $1 billion medium term note (MTN) programme, these people said. read more →

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