REC Launches Ambitious ₹30 Billion Bond Issuance to Fuel Infrastructure Growth

REC Limited, India's leading power sector lender, is set to raise up to ₹30 billion through two bond issuances today, February 21, 2025. The state-run Maharatna company will offer a shorter-tenor bond maturing in 3 years and 2 months, and a 10-year bond. The shorter-tenor bond aims to raise up to ₹30 billion, including a ₹25 billion greenshoe option, while the 10-year bond targets up to ₹25 billion. Both bonds are rated AAA by India Ratings and ICRA, reflecting REC's strong financial position. This strategic move aligns with REC's commitment to financing India's growing power and infrastructure sectors, including renewable energy projects.

 

Source: Based on reports from Business Standard and REC's recent corporate announcements, February 2025.