{"id":637343,"date":"2024-03-02T10:41:39","date_gmt":"2024-03-02T05:11:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=637343"},"modified":"2024-03-02T11:52:11","modified_gmt":"2024-03-02T06:22:11","slug":"rec-to-issue-deep-discount-bonds-to-raise-rs-5000-crore-in-march-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-to-issue-deep-discount-bonds-to-raise-rs-5000-crore-in-march-report\/","title":{"rendered":"REC to issue deep-discount bonds to raise Rs 5,000 crore in March: Report"},"content":{"rendered":"<p>Mumbai: India&#8217;s REC will tap a unique and uncommon structure to raise Rs 5,000 crore ($603.2 million) through a private placement of bonds before the end of March, three sources directly aware of the development said on Thursday.<\/p>\n<p>The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely to see strong investor demand, the sources said.<\/p>\n<p>&#8220;REC is in talks with the Central Board of Direct Taxes (CBDT) to provide some taxation benefit to investors and this will boost appetite for the issue, especially at a time when state-run companies have stopped issuing tax-free bonds,&#8221; one of the sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: India&#8217;s REC will tap a unique and uncommon structure to raise Rs 5,000 crore ($603.2 million) through a private placement of bonds before the end of March, three sources directly aware of the development said on Thursday. The state-run financier plans to raise the money through 10-year, deep-discount bonds and the issue is likely to see strong investor demand, the sources said. &#8220;REC is in talks with the Central Board of Direct Taxes (CBDT) to provide some taxation benefit to investors and this will boost appetite for the issue, especially at a time when state-run companies have stopped issuing [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-637343","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/637343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=637343"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/637343\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=637343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=637343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=637343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}