India New Issue-REC accepts bids for multiple-tenor bonds, bankers say

REC

25/06/2026 10:29

    MUMBAI, June 25 (Reuters) - India's REC RECM.NS accepted a total of 54.95 billion rupees ($581.77 million) in bids for the reissue of 7.46% June 2028 bonds and a sale of five-year bonds, three bankers said on Thursday. 
It will offer a yield of 7.10% for the 2028 reissue and pay a coupon of 7.17% for the five-year note and had invited commitment bids for the issue earlier in the day, they said. 
REC did not reply to a Reuters email seeking comment.

    
 Here is the list of deals reported so far on June 25: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
REC 7.46% June 2028 Bond 
2 years
7.10 (yield)
26.50
June 25
AAA(Care, Crisil)
REC
June 25
AAA(Care, Crisil)

            Cube Highways Trust
          
11 years and 9 months
7.3925
6.37
June 25
AAA (Crisil)

            Cholamandalam Investment and Finance Company
          
7 years
8.88
20
June 24
AA+ (Icra, India Ratings)

*Size includes base plus greenshoe for some issues



($1 = 94.4525 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))