REC lists its green bonds worth $750 million at GIFT IFSC Stock Exchanges

REC Limited has undertaken an exclusive listing of its recently issued green bonds worth $750 million raised under its Global Medium-Term Pro­g­­­ramme of $7 billion at the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) stock exchanges. This is the largest-ever senior US dollar tranche by an Indian non-banking financial company and the first green bond issuance by an Indian company after India’s G20 Presidency. The issue witnessed an oversubscription of app­roximately 3.5 times, with active participation from 161 investors, including high quality accounts.