Gurgaon : REC Limited 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.
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.
