Gurgaon, May 21 -- REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has successfully raised Rs. 5,635 crore through private placement of bonds. The offering included Rs.3,000 crore through 2 years8 Month bonds at coupon of 6.52% p.a. and Rs.2,635 crore through 10-years 11 monthsbonds at coupon of 6.81% p.a.

The bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company's robust financial position and growth prospects.

The bonds have been assigned a "AAA" rating by prominent credit rating agencies - CARE Ratings, ICRA, and India Rating & Research Pvt Ltd (IRRPL) - signifying the highest degree of safety regarding timely servicing of financi...