By NSB.News
REC Limited, a leading public infrastructure finance company under the Ministry of Power, has successfully raised ₹5,635 crore through a private placement of bonds, underscoring robust investor confidence in its financial strength and long-term growth outlook.
The bond issuance was structured in two tranches:
₹3,000 crore via 2 years 8 months bonds carrying a coupon rate of 6.52% per annum
₹2,635 crore via 10 years 11 months bonds at a coupon rate of 6.81% per annum
The offering received an overwhelming response from market participants, indicating high market trust in REC’s creditworthiness and business fundamentals.
The bonds have been assigned the highest “AAA” rating by leading credit rating agencies — CARE Ratings, ICRA, and India Ratings & Research Pvt Ltd (IRRPL) — reflecting the lowest credit risk and the highest degree of safety with respect to timely servicing of financial obligations.
To enhance liquidity and tradability, the bonds will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).