REC raises 61.1 billion yen via medium term notes issue

REC Limited has successfully issued its inaugural 61.1 billion Japanese Yen ($41.56 million) 5-year, 5.25-year and 10-year Green bonds, as part of its $10 billion global medium term notes programme. REC said it will use the proceeds from the bond issue to finance `Eligible Green Projects’ in accordance with the company’s Green Finance Framework, RBI’s External Commercial Borrowings Guidelines and the approvals granted by it from time to time.