JSA advised REC Limited in connection with the issue of US$ 500 Million Green Bonds under REC Limited’s US$ 10 Billion Global Medium Term Note Programme.
REC Limited, a Government of India “Maharatna” Public Sector Undertaking is one of India’s largest power financiers.
The marquee “Green Bonds” Issue was one of the tightest priced instruments in the international market. The proceeds from these “Green Bonds” will be used to fund renewable energy projects. The Issue was well received by investors for REC Limited’s significant contribution to financing projects aimed at mitigating climate change and promoting environmental sustainability.
Deal value: US$ 500 Million
JSA’s Transaction Team Comprised Lead Partner – Anish Mashruwala and Partner –Uttara Kolhatkar and Tax Team Comprised Partners – Kumarmanglam Vijay and Surajkumar Shetty. Their Listing Team Comprised Partners – Anish Mashruwala and Uttara Kolhatkar.
Listing of U.S.$ 500 Million Green Bonds by REC Limited under its U.S.$ 10 B Global Medium-Term Note Programme on India’s international exchanges at the Gift City
JSA assisted and facilitated listing of REC Limited’s US$ Green Bonds on the Global Securities Market (GSM) of the India International Exchange (IFSC) Limited (India INX) and NSE IFSC Limited, India’s international exchanges at the GIFT City.
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inputs from JSA’s release
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