REC Limited has raised $500 million through green dollar bonds for numerous renewable energy projects. This was part of a $10 billion global medium-term programme of the company. The 5-year note has a coupon rate of 4.75 per cent per annum to be paid semi-annually. It has a maturity date of September 27, 2029. In 2024, this is the first US dollar bond issuance by an Indian public sector enterprise.

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