REC Limited Successfully Raises ₹5,635 Crore Through Private Placement of Bonds

Dil Bar Irshad | May 21, 2025 | 05:13 PM IST | Breaking News, Business, India | Follow on Google News

REC Limited Successfully Raises ₹5,635 Crore Through Private Placement of Bonds

Gurgaon, 21 May 2025: REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has successfully raised ₹ 5,635 crore through private placement of bonds. The offering included ₹ 3,000 crore through 2 years 8 Month bonds at coupon of 6.52% p.a.  and ₹ 2,635 crore through 10-years 11 months bonds at coupon of 6.81% p.a.

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

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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.

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Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.