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Rural Electrification Corporation 4.625% 2028-03 USD

Update! New bond issue: Rural Electrification Corporation (NSE:RECLTD) issued new debt notes (XS1791439257) for 300M USD as of March 15, 2018. Tradable at London Stock Exchange as of March 23, 2018. Listed at Singapore Stock Exchange as of March 22, 2018.

Rural Electrification Corporation Limited (REC) is a public finance institution that finances and promotes rural electrification projects across India. It is headquartered in New Delhi, India.

IssuerRural Electrification Corporation
Stock (Group)NSE:RECLTD
Bond TypeGovernmental
CategorySenior, Callable
Maturity DateMarch 22, 2028
Residual Duration6 years, 5 months, 28 days
CurrencyUSD (United States Dollar)
Coupon TypeFixed Rate
Coupon (Yearly)4.625%
Coupon FrequencySemiannual
Minimum Lot200,000 USD
Additional Lots1,000 USD
Issue DateMarch 22, 2018
Issued Amount300,000,000 USD
Issue Price98.506%
Maturity Price100.000%
Bond RatingBaa3 (Moody's), BBB- (Fitch)
Home ExchangeLondon
Other ExchangesSingapore
IsinXS1791439257
Issue DocumentationIssue Prospectus
IndustryState Institutions
SectorSub Governments
CountryIndia
RegionEmerging Markets


Bonds, Governmental, Sub Governments, State Institutions, Emerging Markets, India, USD, Fixed Rate, Income


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