REC Limited issues inaugural Yen Denominated Green Bonds aggregating to 61.1 Billion Japanese Yen!

Banking & Finance

Commenting on the occasion, Chairman & Managing Director, REC Limited, Mr. Vivek Kumar Dewangan 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 on 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 REC’s position as an established issuer with deep access to global funding, while maintaining the overall cost of funding lower than the industry standards.”


      The transaction witnessed interest from both Japanese and international accounts, with number of orders from each at 50%, international allocation being one of the highest for any other Indian Yen deal.

     

     

 

     


          ____________________________