REC seeks bids for up to $53 million in tokenized bonds

REC, a state-owned Indian power financier, is seeking investor bids for as much as 5 billion rupees, or $53 million, in tokenized bonds, according to people familiar with the matter. Bloomberg said the transaction would be India's first tokenized-bond issuance and could increase debt-market liquidity. The supplied summary does not state the issuance date or terms, investor response, or whether the bonds have been sold.