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REC lists green bonds worth $750 million on IFSC stock exchanges

04 May 2023 Evaluate

REC has listed its green bonds worth $750 million on IFSC stock exchanges at GIFT City in Gujarat. With the listing of its green bonds on NSE International Exchange and India INX at GIFT IFSC, REC's total listing reached $4.75 billion under its $7 billion global medium-term note programme.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.

Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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