REC’s deep-discount zero-coupon bond issuance receives strong demand
Source: Business Standard 2 min read Last Updated : Sep 30 2024 | 7:11 PM IST REC Limited on Monday raised Rs 5,000 crore through CBDT-notified zero-coupon bonds (ZCBs) at an effective yield of 6.25 per cent per annum. The issue met with overwhelming demand, as the bond was oversubscribed seven times over the issue…