State-owned NBFC Firm REC Raises $750 Mn Through Issuance Of Green Bonds
Listen to This Article
State-owned non-banking finance firm REC Ltd has raised USD 750 million through issuance of green bonds.
The expected settlement date for these bonds is April 11, 2023.
"REC Ltd under its USD 7 billion Global Medium Term Note Programme, has priced and issued USD 750,000,000; 5.625 per cent green bonds on April 3," according to a regulatory filing.
These bonds will mature on April 11, 2028, and all principal and interest payments will be made in US dollars.
The net proceeds from the issue of these bonds will be used in finance, in whole or in part, the eligible green projects, it stated.
These bonds will be listed on Global Securities Market of India International Exchange (India INX) and NSE IFSC.
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more