India New Issue-REC to issue near five-year bonds, bankers say
14/07/2026 03:45
India New Issue-REC to issue near five-year bonds, bankers say MUMBAI, July 14 (Reuters) - India's REC RECM.NS plans to raise 30 billion rupees ($313.74 million) through a sale of bonds maturing in nearly five years, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
REC did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
REC | 4 year, 11 months and 14 days | To be decided | 5+25 | July 15 | AAA (Care, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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