Question
How much money has been raised by REC Ltd through the
issuance of green bonds?Solution
State-owned non-banking finance firm REC Ltd has raised USD 750 million (about Rs 6,138 crore) through the issuance of green bonds. The net proceeds from the issue of the bonds will be applied to finance, in whole or in part, the eligible green projects in accordance with the approvals granted by Reserve Bank of India from time to time and in accordance with the External Commercial Borrowings (ECB) guidelines.
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