REC Limited Successfully Raises Rs 5,000 Crore Through Bond Issuance

REC Limited/image

Asif Iqbal | April 28, 2025 | 07:52 PM IST | Breaking News, Business, India | Follow on Google News

REC Limited Successfully Raises Rs 5,000 Crore Through Bond Issuance

New Delhi, April 28, 2025: REC Limited, a leading public sector enterprise under the Ministry of Power and a premier non-banking finance company, has successfully raised Rs 5,000 crore through the issuance of bonds. The offering included Rs 3,000 crore through 5-year bonds at coupon of 6.87 % and Rs 2,000 crore through 10-year bonds at coupon of 6.86 %.

Also Read: REC Limited Signs MoU with Govt. of Madhya Pradesh to Support Power Sector with Rs 21,000 Crore Commitment

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

The bonds have been assigned a “AAA” rating by prominent credit rating agencies – CARE Ratings, ICRA, and India Rating & Research Pvt Ltd (IRRPL) – 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.

Asif Iqbal

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