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Rec Yen bond: REC gets soft commitments for $300 million worth of Yen bonds

It could raise funds for as low as 6.5% interest cost including the cost of currency hedging if its first attempt at a Yen bond sale is successful. That would be at least 100 basis points or a percentage point lower than if it were to borrow in US dollars given that yields in that country are at multi-year highs. ....

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