PSU NEWS
REC Senior Unsecured Note Rated Baa3 And BBB By Moody And Fitch
New Delhi: Fitch Ratings has assigned India-based REC Limited's proposed senior unsecured note rating of 'BBB-/Stable' and Moody’s has assigned a rating of ‘Baa3’ on the same. The notes will be issued from REC's existing USD7.0 billion global medium-term note programme (GMTN). The net proceeds will be used for financing power projects in accordance with the approvals granted by the Reserve Bank of India and the guidelines for External Commercial Borrowings. The current aggregate amount of bonds issued under the GMTN programme is USD2.7 billions.
Read Also : KABIL inks MoU with CSIR-NGRI for advancing geophysical investigations in critical and strategic minerals sectorNews Must Read
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE