GURUGRAM: REC Ltd., a Maharatna central public sector undertaking and leading non-banking financial company under the Ministry of Power, has raised ₹5,635 crore through a private placement of bonds.
The offering included ₹3,000 crore raised via 2-year, 8-month bonds with a coupon rate of 6.52% per annum, and ₹2,635 crore through 10-year, 11-month bonds carrying a 6.81% coupon rate.
The issuance received strong demand from market participants, signaling investor confidence in the company’s financial strength and growth outlook.
The bonds have been rated “AAA” by CARE Ratings, ICRA and India Ratings & Research, indicating the highest level of safety for timely debt servicing.
The securities will be listed on both the Bombay Stock Exchange and the National Stock Exchange, improving liquidity and tradability for investors.
