REC and West China offer diversification with debut bonds

Rural Electrification Corp and West China Cement raise a combined $900 million from debut dollar bonds early yesterday morning.

Denise Wee

January 20, 2011

Two Asian companies priced debut US dollar bonds early yesterday morning. Indian public sector enterprise Rural Electrification Corp (REC) raised $500 million through a five-year bond, while West China Cement raised $400 million via a five-year non-call-three.

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