New Delhi, Sep 24 (PTI) State-owned REC Ltd on Monday said it will raise USD 500 million under its USD 10 billion global medium term note programme.

According to a filing, these notes represent direct, unconditional and unsecured obligations of the company and will rank pari passu among themselves and all other unsecured obligations of the company.

Also Read | Shillong Teer Results Today, September 24 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

"REC under its USD 10 billion Global Medium Term Note Programme, has priced USD 500 Million, 4.75 per cent Notes, on September 23,2024," a BSE filing stated.

These notes will be listed on Global Securities Market of India International Exchange Ltd (India INX) and NSE IFSC.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for September 24 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

The net proceeds from the issue of these notes will be applied to finance, in whole or in part, the eligible green projects, in each case in accordance with the REC Ltd Green Finance Framework and the External Commercial Borrowings guidelines and directions of, and the approvals granted by, the Reserve Bank of India (RBI) from time to time.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)