AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

REC LIMITED Capital/Financing Update 2023

Apr 4, 2023

59116_rns_2023-04-04_e6ba0af6-17ba-4287-8b69-f1454e526968.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

SEC-1/187(2)/2023/ 1222	Dated: April 4, 2023
Listing Department,National Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra (East),Mumbai– 400 051.	Corporate Relationship DepartmentBSE Limited1stFloor, Phiroze Jeejeebhoy TowersDalal Street, Fort,Mumbai– 400 001.
Scrip Code—RECLTD	Scrip Code—532955

Subject: Disclosure/ Intimation regarding Issue of US$ 750 Million, 5.625% Green Bonds by REC Limited.

Sir/Madam,

In compliance with provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, this is to inform that REC Limited under its USD 7 billion Global Medium Term Note Programme, has priced and issued US$ 750,000,000, 5.625% Green Bonds on April 3, 2023.

These Bonds will mature on April 11, 2028 and all principal and interest payments will be made in U.S. Dollars. The expected settlement date for these Bonds is April 11, 2023.

These Bonds represent direct, unconditional and unsecured obligations of the Company and will rank pari passu among themselves and all other unsecured obligations of the Company. These Bonds will be listed on Global Securities Market of India International Exchange (India INX) and NSE IFSC. The net proceeds from the issue of these Bonds will be applied to finance, in whole or in part, the eligible green projects, in each case in accordance with the REC Limited Green Finance Framework and the External Commercial Borrowings guidelines and directions of, and the approvals granted by, the Reserve Bank of India from time to time.

यह आपकी जानकारी और �सार के िलए है। This is for your kind information and dissemination.

ध�वाद ,

Yours faithfully,

Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal, title=0573, pseudonym=133065811914836276Dm3B8269pX Jyoti Shubhra yOd3, 2.5.4.20=90de92ff366d85bfab279748dedfb1a88a5af19e87ea57b3f19ab9d20d92f4e8, Amitabh postalCode=201301, st=Uttar Pradesh, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh Date: 2023.04.04 17:56:03 +05'30'