The state-run company has appointed Barclays, DBS Bank, MUFG, Standard Chartered Bank and State Bank of India London Branch as join lead managers for the bond issue.
REC aims to sell dollar-denominated green bonds with five-year maturity and the notes will be issued under the company's green finance framework.
The lead managers would be arranging investor meetings from Feb. 21, for the issue which has been assigned a BBB– rating from Fitch Ratings.
In January, REC had raised 31.49 billion rupees selling
bonds maturing in three years and one month at an annual coupon
of 7.60%.
(Reporting by Dharamraj Dhutia; Editing by Nivedita
Bhattacharjee)
