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245

Q:

Which organization has recently issued Japanese Yen denominated green bonds?

  • 1
    Kriyan Limited
  • 2
    REC Limited
  • 3
    Reliance Limited
  • 4
    Tata Limited
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Answer : 2. "REC Limited"
Explanation :

REC Limited, a Maharatna PSU under the Ministry of Energy, achieved a milestone with its inaugural JPY 61.1 billion green bond issuance. This marks REC's eleventh entry into the international bond market and the first yen green bond issuance by an Indian PSU. Bonds with maturities of 5, 5.25 and 10 years were issued at yields of 1.76%, 1.79% and 2.20% respectively. This euro-yen issuance is the largest in South and Southeast Asia, making it India's largest yen-denominated issuance. The bonds received significant interest globally, with a high international allocation. They will be listed exclusively on India INX and NSE IFSC in GIFT City, Gujarat.

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