News Announcement

REC: Updates

In compliance of provisions of Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform that Rural Electrification Corporation Limited has launched an issue of U.S.$450,000,000 3.875% Notes due 2027, priced on June 29, 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 July 7, 2017.

The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rank pari passu among themselves and all other unsecured obligations of the Issuer. The Notes will be listed on the Singapore Exchange (SGX) and the green segment of the London Stock Exchanges 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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