India New Issue-REC to issue over 5-year bonds, bankers say
23/10/2026 05:52
India New Issue-REC to issue over 5-year bonds, bankers say MUMBAI, Oct 23 (Reuters) - India's REC RECM.NS plans to raise 40 billion rupees ($421.59 million), which includes a greenshoe option of 32 billion rupees, through bonds maturing in five years and three days, three bankers said on Friday.
The state-run company will accept coupon and commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
REC | 5 year and 3 days | To be decided | 8+32 | October 27 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.8800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Jochelle Mendonca)
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