Question

    ________ has issued ₹3,500 crore in the largest sale

    of yen bonds (JPY 61 billion) by an Indian company that have been issued in three tranches with tenors of five years, 5.25 years and 10 years respectively. 
    A NTPC Ltd Correct Answer Incorrect Answer
    B NHPC Correct Answer Incorrect Answer
    C REC Ltd Correct Answer Incorrect Answer
    D Power Finance Corporation Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    REC has raised nearly ₹3,500 crore in the largest sale of yen bonds (JPY 61 billion) by an Indian company. The bonds have been issued in three tranches with tenors of five years, 5.25 years and 10 years respectively. On the shorter tenor bonds REC will pay bond holders 1.7% and on the 10-year bond it will pay 2.2%.

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