India New Issue-REC accepts bids for near 3-year bonds, bankers say

REC

08/06/2026 11:16

MUMBAI, June 8 (Reuters) - India's REC RECM.NS accepted bids worth 30 billion rupees ($313.46 million) in a sale of bonds maturing in two years and nearly nine months, three bankers said on Monday. 
The state-run company will pay a coupon of 7.38% and had invited commitment bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far June 8: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
REC
2 years and 9 months
7.38
30
June 8
AAA (Care, Crisil, Icra)
     
*Size includes base plus greenshoe for some issues
     
     
     
($1 = 95.7075 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))