INSUBCONTINENT EXCLUSIVE:
Mumbai: REC on Tuesday listed its first global notes worth $700 million on India INX’s Global Securities Market.
The 5-year bond has an
annual yield of 5.25 per cent maturing on November 13, 2023.
“The success of both the 144A and Reg S tranche is attestation of the strong
global investor interest in building exposure to India’s growing power sector,” said India INX MD and CEO V
Balasubramaniam.
Since launch of Global Securities Market in January 2018, it has emerged as the largest listing platform for bonds at GIFT
Till date total of $36 billion in MTN programme has been established.
