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REC LTD - Issue Of US$ 650 Million 3.375 Per Cent Notes By REC Limited.

Updated on: Jul 19, 2019

In compliance with provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that REC Limited has launched an issue of US$ 650,000,000, 3.375 per cent Notes due 2024, priced on July 18, 2019. The Notes will mature on July 25, 2024 and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be July 25, 2019. 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 London Stock Exchanges International Securities Market (ISM), Singapore Exchange (SGX-ST), India International Exchange (India INX) and NSE IFSC. The net proceeds from the sale of the Notes will be applied for lending to Power Sector.

Pdf Link: REC LTD - Issue Of US$ 650 Million 3.375 Per Cent Notes By REC Limited.

Source : BSE - www.bseindia.com

Published on July 19, 2019

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