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    Question

    What is the minimum duration of the contract signed by

    REC for its green bonds, valued at 61.1 million yen?
    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 8 years Correct Answer Incorrect Answer
    D 10 years Correct Answer Incorrect Answer
    E 15 years Correct Answer Incorrect Answer

    Solution

    REC Ltd has successfully issued its inaugural green bonds worth JPY 61.1 billion (about ₹3,500 crore), under its US$ 10 billion global medium term notes programme. The bonds, with tenures of 5 years, 5.25 years, and 10 years, are issued at yields of 1.76%, 1.79%, and 2.20% respectively.

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