New Delhi: REC Limited, a leading public sector enterprise under the Ministry of Power and a premier non-banking financial company (NBFC), has successfully raised ₹5,000 crore through bond issuance. The fundraising comprised ₹3,000 crore via 5-year bonds at a coupon rate of 6.87% and ₹2,000 crore through 10-year bonds at a coupon rate of 6.86%.
The issue received an overwhelming response from investors, reflecting strong market confidence in REC’s sound financial health and growth outlook.
The bonds have been rated “AAA” by top credit rating agencies – CARE Ratings, ICRA, and India Ratings & Research Pvt Ltd (IRRPL) – indicating the highest level of safety for timely servicing of financial obligations.
To enhance liquidity and tradability, the bonds will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
