State-run REC Ltd announced on Monday that it has raised ?5,000 crore through bond offerings.
The fundraising included ?3,000 crore via five-year bonds at a 6.87% coupon rate and ?2,000 crore through 10-year bonds at a 6.86% coupon rate, the company said in a statement.
The bond issuance received an enthusiastic response from investors, underscoring strong market confidence in REC’s solid financial health and future growth prospects.