India New Issue-REC to issue near 3-year bonds, bankers say

REC

04/06/2026 04:45

MUMBAI, June 4 (Reuters) - India's REC RECM.NS plans to raise 30 billion Indian rupees ($313.48 million), including a greenshoe option of 25 billion rupees through the sale of bonds maturing in two years and nearly nine months, three bankers said on Thursday.
The state-run company has invited coupon and commitment bids for the issue on Monday, they said. 
The company did not reply to a Reuters email seeking comment. 

 
 Here is the list of deals reported so far on June 4: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
REC
2 years 8 months and 18 days
To be decided
5+25
June 8
AAA (Care, Crisil, Icra

*Size includes base plus greenshoe for some issues



($1 = 95.7000 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
 ((Dharamraj.dhutia@tr.com))