New Delhi, April 28, 2025: Rural Electrification Corporation Limited (REC), a shining star under the Ministry of Power and a top-tier non-banking finance company, has set the bond market ablaze! A staggering ₹5,000 crore has been triumphantly raised through a blockbuster bond issuance. The offering comprises ₹3,000 crore from 5-year bonds at a 6.87% coupon rate and ₹2,000 crore from 10-year bonds at a 6.86% coupon rate.
The market was left reeling from the overwhelming response to this issuance, with investors flocking to bet big on REC’s rock-solid financial strength and dazzling growth prospects. This tidal wave of confidence has cemented REC’s status as a corporate juggernaut.
Top-tier rating agencies—CARE Ratings, ICRA, and India Ratings & Research—have bestowed a prestigious “AAA” rating on these bonds, signaling unmatched reliability in meeting financial commitments.
Plans have been set for these bonds to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), ensuring seamless tradability and enhanced liquidity for investors. REC’s electrifying achievement has sent shockwaves through the corporate world, heralding a new era of financial dominance!
Disclaimer : www.NewsIP.in provides news and articles for information only. We strive for accuracy but make no guarantees. Content reflects authors’ views, not ours. We’re not liable for errors, damages, or third-party links. Verify information independently. We may update or remove content anytime.