REC raises Rs 50 billion through bond issuance

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.