Business Update12 Jan 2024, 05:23 pm
REC Limited Prices $10 Billion Green Bonds to Finance Eligible Green Projects
AI Summary
REC Limited has priced its $10 billion green bonds under its Global Medium Term Note Programme to finance eligible green projects. The bonds will be listed on India INX and NSE IFSC, and will rank pari passu with other unsecured obligations of the company. The net proceeds from the issue will be applied to finance eligible green projects in accordance with the REC Limited Green Finance Framework and the External Commercial Borrowings guidelines and directions of the Reserve Bank of India.,
Key Highlights
- $10 billion green bonds
- eligible green projects
- Global Medium Term Note Programme
- India INX
- NSE IFSC
- pari passu with other unsecured obligations