REC cancels 2-year bond, accepts bids for 10-year notes

REC cancels 2-year bond, accepts bids for 10-year notes. The state-owned Rural Electrification Corporation has withdrawn its 2-year bond offering due to market conditions, opting instead to accept bids for 10-year fixed-rate notes. This shift indicates stronger investor appetite for longer tenures amid stable yield expectations. Bankers noted robust participation in the 10-year issue.

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