REC Limited has raised $500 million through green dollar bonds for multiple renewable energy projects. This was part of a $10 billion global medium-term programme of the company. The 5-year note has a coupon rate of 4.75 per cent per annum to be paid semi-annually. It has a maturity date of September 27, 2029. In 2024, this is the first US dollar bond issuance by an Indian public sector enterprise. Keeping in line with REC’s Green Finance Framework, the funds raised will be utilised to finance eligible green projects. The joint bookrunners for the issue were Barclays, DBS, HSBC, Mizuho, MUFG, and Standard Chartered Bank.
LATEST
- [ August 28, 2026 ] Unlocking Capital: InvITs turn operational assets into drivers of fresh investment Infrastructure Finance
- [ August 28, 2026 ] Railway Board grants approval for transfer of Mangalore railway region to SWR Railways
- [ August 28, 2026 ] AM/NS Paradip Logistics secures 30-year Paradip Port concession to mechanise CQ-III berth Ports & Shipping
- [ August 28, 2026 ] CERC introduces compensation mechanism for delayed connectivity milestone extensions Power
- [ August 28, 2026 ] TPREL commissions 72.5 MW captive solar project for Tata Steel Power
- [ August 28, 2026 ] Advait Energy Transitions secures Rs 1.35 billion ERS order from MPPTCL Power
- [ August 27, 2026 ] IR operationalises first long-haul (1.3 km) double-stack container train on WDFC Railways
- [ August 27, 2026 ] AESL wins Satara transmission project for 4.5 GW renewable power evacuation Power
- [ August 27, 2026 ] MTAR Technologies secures Rs 1.27 billion orders from NPCIL Power
- [ August 27, 2026 ] Vi and BSNL plan expanded network sharing across select circles Telecom
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE