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As on 23-Feb-2021 18:29

REC raises USD 500 million via 2.5% Notes issuance

REC has priced US$ 500,000,000, 2.25per cent Notes due 2026, on 22 February, 2021 under its USD 7 billion Global Medium TermNote Programme (the Notes). The Notes will mature on 01 September, 2026 and all principaland interest payments will be made in U.S. Dollars. The settlement date for the Notes isexpected to be 01 March 2021.

The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rankpari passu among themselves and all other unsecured obligations of the Issuer. The Notes will belisted on London Stock Exchange's International Securities Market (ISM), Singapore Exchange(SGX·ST), Global Securities Market of India International Exchange (India INX) and NSEIFSC.

The net proceeds from the sale of the Notes will be applied for lending to the power sectorin accordance with the External Commercial Borrowings Regulations and directions of theReserve Bank of India.

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Corporate News As on 23-Feb-2021 18:29

Corporate News

As on 23-Feb-2021 18:29