REC Limited issues first Japanese Yen green bonds worth JPY 61.1 billion

REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has achieved a significant milestone by issuing its inaugural Japanese Yen (JPY) 61.1 billion (approximately Rs 3,500 crore) green bonds. These bonds, part of the $ 10 billion global medium-term notes programme, span 5-year, 5.25-year, and 10-year tenures.

Proceeds from the bond issuance will be dedicated to financing eligible green projects, adhering to REC Limited’s green finance framework, Reserve Bank of India’s (RBI) external commercial borrowings guidelines, and relevant approvals, the Ministry of Power said in its official release on Tuesday.