REC Gets Green Light for More Deep, Discount Bonds

  Published 1 year ago

India's REC has received government approval for a second deep, discount bond (ZCB) issuance of ₹50 billion, joining other state-run firms tapping this unusual debt structure. Investor appetite remains a key factor, as seen with PFC's shelved issue.

  • REC is raising ₹50B in ZCBs by March 2027.
  • Four state firms were approved for ZCBs recently.
  • PFC’s issue was cancelled due to poor demand.

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