REC Limited 5.625% 11-APR-2028REC Limited 5.625% 11-APR-2028REC Limited 5.625% 11-APR-2028

REC Limited 5.625% 11-APR-2028

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Key terms


Outstanding amount
‪750.00 M‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
5.63% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.90%
Maturity date
Apr 11, 2028
Term to maturity
3 years

About REC Limited 5.625% 11-APR-2028


Issuer
Sector
Finance
Industry
Finance/Rental/Leasing
Issue date
Apr 11, 2023
FIGI
BBG01G4BH6R3
REC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was founded on July 25, 1969 and is headquartered in Gurugram, India.
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