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REC looks to raise ₹5K cr more in FY25
Business Standard
|November 11, 2024
State-owned REC Ltd is looking to raise an additional ₹5,000 crore this financial year (FY25) through deep discount zero-coupon bonds, according to sources familiar with the development.
The infrastructurecrore focused lender had previously raised 5,000 through CBDT-notified zerocoupon bonds on September 30 this year, offering an effective yield of 6.25 per cent per annum. The issue saw an overwhelming demand, with the bonds being oversubscribed by nearly seven times the issue size of ₹5,000 crore.
This story is from the November 11, 2024 edition of Business Standard.
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