REC Limited, a leading Maharatna CPSE under the Ministry of Power, has marked a significant stride towards a sustainable future by issuing its inaugural Japanese Yen (JPY) 61.1 billion Green bonds. These bonds, spanning 5-year, 5.25-year, and 10-year tenures, are part of REC’s ambitious US$ 10 billion Global Medium Term Notes Programme.
The funds raised through this issuance will be channeled into financing Eligible Green Projects, aligning with REC’s robust Green Finance Framework and adhering to RBI’s External Commercial Borrowings Guidelines. This strategic move not only demonstrates REC’s commitment to environmental responsibility but also positions the organization at the forefront of the global green finance landscape.
Investors can now contribute to a greener tomorrow while enjoying the financial benefits of REC’s innovative approach to sustainable financing. As the world seeks eco-friendly alternatives, REC Limited’s venture into green bonds sets a noteworthy precedent for other corporations to follow suit, fostering a more sustainable and responsible investment landscape.