REC Limited Successfully Raises Rs 50 Billion Through Bond Issuance

29 Apr 2025 CW Team

REC Limited, a leading public sector enterprise under the Ministry of Power and a premier non-banking finance company, has successfully raised Rs 50 billion through the issuance of bonds. The offering included Rs 30 billion through 5-year bonds at coupon of 6.87 % and Rs 20 billion through 10-year bonds at coupon of 6.86 %.

The bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company鈥檚 robust financial position and growth prospects.

The bonds have been assigned a ""AAA"" rating by prominent credit rating agencies 鈥� CARE Ratings, ICRA, and India Rating & Research Pvt Ltd (IRRPL) 鈥� signifying the highest degree of safety regarding timely servicing of financial obligations.

The bonds will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), enhancing their liquidity and offering investors easy tradability.

The issuance saw an overwhelming response from market participants.

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