REC accepts bids for tokenised corporate bond sale worth 5 billion rupees
India’s first tokenised corporate bond sale concluded after REC (NSE:RECLTD) accepted bids worth 5 billion rupees. Bonds mature in one year and eight months, with the sale supported by three merchant bankers.
India's first-ever tokenised corporate bond sale concluded successfully, with state-run REC accepting bids worth 5 billion rupees ($52.94 million) for bonds maturing in one year and eight months, three merchant bankers said on Monday. REC accepted bids for the bond issue at an annual coupon of …