REC Limited has raised Rs 56.35 billion through a private placement of bonds. The issuance includes Rs 30 billion through bonds with a tenure of 2 years and 8 months carrying a coupon of 6.52 per cent per annum. An additional Rs 26.35 billion was issued through bonds with a tenure of 10 years and 11 months and a coupon rate of 6.81 per cent per annum.
The bond issuance reportedly received strong interest from market participants, indicating a high level of investor confidence. Several credit rating agencies like CARE Ratings, ICRA, and India Rating & Research have assigned the bonds a “AAA” rating. Furthermore, the bonds are set to be listed on both the Bombay Stock Exchange and the National Stock Exchange.
In April 2025, REC Limited successfully raised Rs 50 billion through bond issuance, comprising Rs 30 billion via 5-year bonds at a 6.87 per cent coupon and Rs 20 billion via 10-year bonds at a 6.86 per cent coupon.
