REC: Issue Of U.S.$ 300,000,000 4.625 Per Cent Notes Due 2028 Issued Under U.S.$3,000,000,000 Medium Term Note Programme By Rural Electrification Corporation Limited.

In compliance with the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that REC has launched an issue of U.S.$300,000,000 4.625 per cent. Notes due 2028, on 15th March, 2018. The Notes will mature on 22nd March, 2028 and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 22nd March, 2018.
The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rank pari passu among themselves and all other unsecured obligations of the Issuer. The Notes will be listed on the Singapore Exchange (SGX) and London Stock Exchanges International Securities Market (ISM).
The net proceeds from the sale of the Notes will be used to finance projects in power infrastructure sector in India, in accordance with the external commercial borrowing regulations and other applicable regulations of the Reserve Bank of India.