REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
REC Limited, a Maharatna CPSE under the Ministry of Power, announced that it has successfully issued its inaugural JPY 61.1 billion 5-year, 5.25-year and 10-year Green bonds issued under its US$ 10 billion Global Medium Term Notes Programme. Proceeds from the issue of the Bonds will be applied to finance the Eligible Green Projects in accordance with the Company라이브 바카라 Green Finance Framework, RBI라이브 바카라 ECB Guidelines and the approvals granted by it from time to time.
Salient features of the transaction
Commenting on the occasion, Mr. Vivek Kumar Dewangan, IAS, Chairman & Managing Director, REC Limited said, ”The journey towards India's energy transition demands a visionary approach to financing that aligns with our commitment to sustainable development towards a cleaner and greener energy landscape. REC stands resolute in its pledge to promote green and clean energy through this Green issuance. As a frequent issuer in the international debt capital markets, we are always in the lookout to tap new markets and further diversify our funding sources. We are delighted to successfully price our inaugural Euro-Yen Green bonds, which reaffirms REC라이브 바카라 position as an established issuer with deep access to global funding, while maintaining the overall cost of funding lower than the industry standards.”
The notes will be rated Baa3/BBB–/BBB+ (Moody's/Fitch/JCR) and will be listed exclusively on Global Securities Market of India International Exchange (India INX) and NSE IFSC in GIFT City, Gandhinagar, Gujarat.
DBS Bank, Mizuho, MUFG, and SMBC Nikko are the joint lead managers for the issue.
About REC Limited:
REC is a바카라 웹사이트'Maharatna' company under the바카라 웹사이트administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is바카라 웹사이트financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.바카라 웹사이트REC Ltd. provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country.
REC Ltd. continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the바카라 웹사이트Revamped Distribution Sector Scheme (RDSS).
For further details, contact:
(Corporate Communications cell)
Business Development and Marketing (BDM) Division
REC Limited
Website:
Facebook:
Twitter:
Instagram:
LinkedIn:
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of 바카라 Editorial.