{"id":614386,"date":"2023-11-02T12:43:00","date_gmt":"2023-11-02T07:13:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614386"},"modified":"2023-11-02T12:43:00","modified_gmt":"2023-11-02T07:13:00","slug":"rec-to-raise-300-500-million-in-yen-denominated-green-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-to-raise-300-500-million-in-yen-denominated-green-bonds\/","title":{"rendered":"REC to raise $300-$500 million in Yen-denominated green bonds"},"content":{"rendered":"<p>Rural Electrification Corporation (REC) Ltd, a public sector enterprise under the Ministry of Power, plans to raise $300 million to $500 million in yen-denominated green bonds to fund its green loan portfolio, a senior company official said on Wednesday.<\/p>\n<p>&#8220;We plan to start roadshows in the second half of November to raise $300-500 million. The issuance will happen after that, depending on the response,&#8221; said Vivek Kumar Dewangan, chairman and managing director, REC Ltd, adding that the company expects the coupon rate to be in the range of 6% compared to the company&#8217;s overall borrowing cost of 7.23%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rural Electrification Corporation (REC) Ltd, a public sector enterprise under the Ministry of Power, plans to raise $300 million to $500 million in yen-denominated green bonds to fund its green loan portfolio, a senior company official said on Wednesday. &#8220;We plan to start roadshows in the second half of November to raise $300-500 million. The issuance will happen after that, depending on the response,&#8221; said Vivek Kumar Dewangan, chairman and managing director, REC Ltd, adding that the company expects the coupon rate to be in the range of 6% compared to the company&#8217;s overall borrowing cost of 7.23%.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-614386","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614386"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614386\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}