Debt financing
Power sector financier REC raises Rs.500-Cr through tokenised bonds
New Delhi-based state-run power financier REC has raised INR 500 Cr through tokenised bond issuance. The transaction involved participation from approximately 20 investors, including banks, mutual funds, and corporates. Key investors included HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, AK Capital Services, ICICI Securities Primary Dealership, Taurus Group, and Trust Investment Advisors. HDFC Bank also acted as an arranger to the issuance.The bonds carry a coupon rate of 7.30% and are scheduled to mature in May 2028.
For FY25, REC India had reported about INR 59,139 Cr in Operating Income and about INR 16,282 Cr in PAT.
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