REC Secures Best Green Bond - Corporate Award At The Asset Triple A Awards 2024
REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been honored with the prestigious Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance. This recognition underscores REC’s commitment to Sustainable Finance and Environmental Sustainability.
In April 2023, REC issued USD Green Bonds worth $750 million, marking a milestone as the first from India post its assumption of G20 Presidency. This issuance, the largest Senior Green Bond Tranche by a South or South-East Asian issuer, received widespread acclaim.
Priced at a minimum new issue premium of 7.5 bps, REC’s USD Green Bonds were well received by investors, showcasing REC’s prowess in Financing Solutions and Climate Change Mitigation.
Shri Vivek Kumar Dewangan, Chairman & Managing Director of REC Limited, expressed delight at the award, reaffirming REC’s dedication to a greener future. He highlighted REC’s recent achievement in pricing Euro-Yen Green bonds, further demonstrating its leadership in Infrastructure Financing and Renewable Energy.
The Asset Triple A Awards are a renowned acknowledgment of organizations excelling in their respective industries. With a history spanning over two decades, these awards reflect unparalleled industry insight and recognize best-in-class institutions and deals. The rigorous adjudication process, overseen by The Asset’s board of editors, ensures the selection of deserving recipients.
As a Maharatna Central Public Sector Enterprise under the Ministry of Power, REC continues to lead the way in promoting Environmental Sustainability and supporting Government Flagship Schemes. With a substantial Loan Book and impressive Net Worth, REC Limited remains at the forefront of advancing Sustainable Finance and driving positive change in the Power-Infrastructure Sector.
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