Gurugram, 12 January 2024:REC Limited, a Maharatna CPSE, has successfully issued its inaugural JPY 61.1 billion Green Bonds, marking its eleventh venture into the international bond market.
The 5-year, 5.25-year, and 10-year bonds, issued under the US$ 10 billion Global Medium Term Notes Programme, boast yields of 1.76%, 1.79%, and 2.20%, respectively.
Mr. Vivek Kumar Dewangan, IAS, Chairman & Managing Director of REC Limited, expressed delight in pricing the inaugural Euro-Yen Green bonds, emphasizing REC’s commitment to sustainable development and a cleaner energy landscape. This marks REC’s eleventh venture into the international bond market and its first-ever Yen Green Bonds issuance, setting records for the largest Euro-Yen issuance in South and South East Asia, the largest Yen-denominated issuance from India, and the largest non-sovereign Yen-denominated issuance in the region.
This milestone represents the largest Euro-Yen issuance in South and South East Asia, the largest Yen-denominated issuance from India, and the largest non-sovereign Yen-denominated issuance ever from the region.
REC Limited reaffirms its commitment to sustainable development and cleaner energy through this Green issuance, signaling a visionary approach to financing India’s energy transition.
