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India’s REC issues first tokenized corporate bond at ₹500 crore

Verifying
  • REC Ltd. issued India’s first tokenized corporate bond.
  • ₹500 crore was raised at 7.30%; bids reached ₹796 crore, nearly eight times base issue.
  • HDFC Bank and ICICI Bank joined roughly 20 institutional investors in the offering.
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