Key Points
NEW DELHI: REC, one of the largest state-sponsored infrastructure financiers, will launch an offering of Yen bonds this week to raise at least Rs 2,500 crore, according to people aware of the matter..
REC has opted for a Regulation S offering which will make it compliant with US laws without the need for the company to register with the stock market regulator there..
The offering will be open to multiple investors who invest in Yen-denominated securities based in and outside Japan.. Japan has maintained negative interest rates due to economic contraction in that country..
ET had reported on Nov 14 that REC Limited had got soft commitments from major Japanese investors which it had tapped for the offering during preliminary marketing meetings...
