NEW DELHI: REC Limited, a public sector enterprise under the Ministry of Power, said it has successfully raised ₹5,000 crore through a bond issuance to strengthen its funding base.
The offering comprised ₹3,000 crore in five-year bonds carrying a 6.87% coupon rate and ₹2,000 crore in 10-year bonds at a 6.86% coupon. The company said the issue received strong interest from investors, underscoring confidence in REC’s financial health and long-term outlook.
Credit rating agencies CARE Ratings, ICRA, and India Ratings & Research Pvt. Ltd. assigned the bonds a “AAA” rating, indicating the highest level of credit safety.
The bonds will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors greater liquidity and ease of trading.
