Tag Archives: REC set to raise Rs 2

REC set to raise Rs 2,225 cr at 8.05% via 3-year bonds

Rural Electrification Corporation (REC) is set to raise Rs 2,225 crore via three-year bonds at a coupon rate of 8.05%, bond arrangers close to the development said. Sources said the issue saw a fairly good response, with SBI Caps being the single largest investor at Rs 1,000 crore. “The yield at 8.05% is considered a reasonable rate,” a bond arranger ... Read More »