ReNew Power successfully prices $585 Million of U S Dollar-Denominated Green Bonds prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Read more about State-run REC raises $500 million through issuance of notes on Business Standard. The firm has raised the money through issuance of notes (bonds) under its $7 billion Global Medium Term Note Programme which would be used to finance the power sector
Under its USD 7 billion Global Medium Term Note ProgrammeREC has priced US$ 500,000,000, 2.25
per cent Notes due 2026, on 22 February, 2021 under its USD 7 billion Global Medium Term
Note Programme (the Notes ). The Notes will mature on 01 September, 2026 and all principal
and interest payments will be made in U.S. Dollars. The settlement date for the Notes is
expected to be 01 March 2021.
The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rank
pari passu among themselves and all other unsecured obligations of the Issuer. The Notes will be
listed on London Stock Exchange s International Securities Market (ISM), Singapore Exchange
REC Limited raises $500 mn equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
REC Raises $500 Million Through Bonds
Feb 23 2021, 7:58 PM
February 23 2021, 7:58 PM
February 23 2021, 7:58 PM
State-run REC Ltd. on Tuesday said it has raised $500 million through issuance of bonds under its $7 billion âglobal medium-term note programmeâ which would be used to finance the power sector.
State-run REC Ltd. on Tuesday said it has raised $500 million through issuance of bonds under its $7 billion âglobal medium-term note programmeâ which would be used to finance the power sector.
The 2.25% notes will be due in 2026 and all interest payments will be made in U.S. dollars, it said in a stock exchange filing. The settlement date for the notes is expected to be March 1, 2021.