REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Banking & Finance

REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). One bond is worth Rs2,500 crores and has a 10-year maturity, with a redemption date of February 28, 2034, and yield of 7.47 percent. The other one is worth Rs2,875 crores with a maturity period of 3 years plus 2 months, with a redemption date of April 30, 2027 and a yield of 7.64 percent. These bonds are rated IND AAA by IRPL and ICRA AAA by ICRA.


      REC is a 'Maharatna' Central Public Sector Enterprise and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).

     

     

 

     


REC Ltd

Founded- July 1969
Parent organization- Power Finance Corp
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