REC raises $500 mn in foreign debt; Shriram Finance also likely to raise at least $500 mn

REC Ltd has successfully raised $500 million through a five-year bond, priced at 4.78%, attracting global investors. This could pave the way for more Indian companies to enter the bond market. Shriram Finance is also expected to raise a similar amount soon. The transaction was managed by several international banks.
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