J. Sagar Associates (JSA) advised REC Limited in connection with the issue of US$ 400 Million Bonds under REC Limited’s US$ 7 Billion Global Medium Term Note Programme.
REC Limited, a Government of India PSU and one of India’s largest power financiers successfully raised USD 400 Million Offshore Bonds under the US$ 7 Billion Global Medium Term Note Programme.
This issuance was the first USD cross border bonds issuance out of India in the current financial year, and in the midst of the challenging COVID- 19 pandemic.
JSA also assisted and facilitated listing of the USD Bonds on the Global Securities Market of India International Exchange( IFSC) Limited (India INX) and NSE IFSC Limited, India’s international stock exchanges at the GIFT City.
JSA team comprised Lead Partner – Dina Wadia, and Partner – Uttara Kolhatkar.