REC has undertaken an exclusive listing of its recently issued green bonds of $750 million raised under its Global Medium Term Programme of $7 billion at GIFT IFSC Stock Exchanges in a primary listing ceremony held in GIFT IFSC, Gandhinagar. Commenting on the occasion, Vivek Kumar Dewangan, IAS, Chairman and Managing Director, REC, said, “We have consciously decided on the exclusive listing of REC’s recently issued Green Bonds on IFSC Stock exchanges, which have come a long way in their acceptability amongst the global investors. This Green Bond issuance reinforces REC’s status as one of the most accomplished and frequent issuers in the international capital markets and is poised to contribute to India meeting its Amrit Kaal commitments towards climate action plan and energy transition with a focus on green projects.” This is the largest ever senior USD tranche by an Indian NBFC (largest ever senior Green Bond tranche by a South and South-East Asian issuer) and the first Green Bond issuance by an Indian company post-India’s G20 Presidency. The issue saw an over-subscription of approximately 3.5 times from 161 investors with active participation from quality accounts. Investors from across the globe participated in the issue with Asia Pacific (APAC) at 42 per cent, Europe, Middle East and Africa (EMEA) at 26 per cent and the US at 32 per cent.