Question
What is the minimum duration of the contract signed by
REC for its green bonds, valued at 61.1 million yen?Solution
REC Ltd has successfully issued its inaugural green bonds worth JPY 61.1 billion (about ₹3,500 crore), under its US$ 10 billion global medium term notes programme. The bonds, with tenures of 5 years, 5.25 years, and 10 years, are issued at yields of 1.76%, 1.79%, and 2.20% respectively.
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