Mumbai: REC LIMITED has listed two new series of debt securities on the BSE Debt segment through private placement, effective from May 2, 2025. The total issue includes 5 lakh bonds with a combined face value of ₹500 crore.
Bond Details and Ratings
The first set comprises 3,00,000 bonds with a face value of ₹1 lakh each, offering an interest rate of 6.87% per annum, redeemable on May 31, 2030. These are listed under the Scrip ID 687REC30, with ISIN INE020B08FU0.
The second tranche includes 2,00,000 bonds at the same face value, yielding 6.86% per annum, and will mature on May 31, 2035. These are listed under Scrip ID 686REC35, with ISIN INE020B08FT2.
Dematerialised Trading and Interest Payments
Both securities are available only in dematerialised form, with annual interest payments starting from May 31, 2026. The tick size for trading is set at 1 paise. The issue does not include any put or call options, ensuring fixed tenures.
Credit Ratings and Market Trust
These instruments have received the highest credit ratings: CARE AAA/Stable, ICRA AAA/Stable, and IND AAA/Stable, reflecting low credit risk and enhancing their appeal among institutional and retail investors.
