Under Medium Term Note Programme
Rural Electrification Corporation has launched an issue of U.S.$450,000,000 3.875% Notes due 2027, priced on 29 June 2017. The Notes will mature on 2027 and all principal and interest payments will be made in U.S. Dollars. The Notes are expected to be settled by 07 July 2017.The Notes will be listed on the Singapore Exchange (SGX) and the green segment of the London Stock Exchange's International Securities Market ('ISM').
The net proceeds from the sale of the Notes will be applied for financing of existing projects including re-financing and new eligible Green Projects primarily covering in the area of solar, wind, biomass and hydropower energy as per Climate Bond Standards.
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