REC Limited has raised Rs 50 billion through the issuance of bonds via private placement to strengthen its funding base for power sector financing.
The offering comprised Rs 30 billion through 5-year bonds carrying a coupon rate of 6.87 per cent and Rs 20 billion through 10-year bonds with a coupon rate of 6.86 per cent. The issue received strong demand from investors, reflecting confidence in REC’s financial strength and operational performance. The bonds have been rated “AAA” by CARE Ratings, ICRA, and India Ratings & Research, indicating the highest level of safety in terms of timely debt servicing. The securities will be listed on both the Bombay Stock Exchange and the National Stock Exchange to ensure liquidity and ease of trading.