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Find all the economic and financial information on our Orishas Direct application to download on Play StoreMaharatna Central Public Sector Enterprise REC Ltd and the Export Import Bank of India (EXIM Bank) signed a $100 million currency term loan agreement.
In the energy, infrastructure and logistics sectors for the import of capital goods, the loan proceeds will be used for refinancing with a view to on-lending to RECs borrowers in the energy, infrastructure and logistics sectors for the import of capital goods. For the year 2023-24, the funds will be collected under the REC market borrowing program of Rs. 4,000,000. 1.20 crore lakh. The loan is blocked for 5 years and is indexed to the SOFR (Secured Overnight Financing Rate), which is the benchmark rate for loans denominated
in USD.
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