Gurgaon, May 21, 2025: REC Limited, a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power and a leading Non-Banking Financial Company (NBFC), has successfully raised ₹5,635 crore through a private placement of bonds.
The fundraising includes ₹3,000 crore via bonds of 2 years and 8 months tenure at a 6.52% annual coupon, and ₹2,635 crore via bonds of 10 years and 11 months at a 6.81% annual coupon.
The issue received an overwhelming response from market participants, signalling strong investor confidence in REC’s financial stability and growth trajectory.
The bonds have been assigned the highest credit rating of “AAA” by three major rating agencies—CARE Ratings, ICRA, and India Ratings & Research Pvt Ltd (IRRPL)—indicating a very low credit risk and strong assurance regarding timely repayment.
To ensure greater transparency and investor convenience, the bonds will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), making them easily tradable and highly liquid.
The successful transaction reaffirms REC Limited’s position as a trusted entity in India’s power finance sector and a preferred choice for long-term investors.
