InvestorQ : How does REC propose to fund its massive borrowing program this year?
indhumathi Sayani made post

How does REC propose to fund its massive borrowing program this year?

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2 months ago
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The board of state-run REC approved raising Rs.85,000 crore via debt in FY23. Rs.75,000 crore will be via long-term debt, Rs.5,000 crore via short-term loans and Rs.5,000 crore via Commercial Paper (CPs). Long term funds will be raised via bonds, term loans, ECBs etc. Short-term loans will be raised from banks and NBFCs. REC needs to continuously raise funds for on-lending.

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