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 IFSC. Till date total of $36 billion in MTN programme has been established.