India, April 28 -- State-run REC Ltd announced on Monday that it has raised ?5,000 crore through bond offerings.
The fundraising included ?3,000 crore via five-year bonds at a 6.87% coupon rate and ?2,000 crore through 10-year bonds at a 6.86% coupon rate, the company said in a statement.
The bond issuance received an enthusiastic response from investors, underscoring strong market confidence in REC's solid financial health and future growth prospects.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....