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.
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more