REC Limited has availed a green loan of JPY60.536 billion to finance eligible green projects in India.
The green loan facility benefits from 80 per cent guarantee by Italian Export credit agency, SACE (Italy) under their innovative push strategy programme. The green loan has participation from banks across Asia, USA and Europe, namely Crédit Agricole Corporate and Investment Bank, Bank of America, Citibank, KfW IPEX-Bank and Sumitomo Mitsui Banking Corporation as Mandated Lead Arrangers. Crédit Agricole Corporate and Investment Bank would be acting as the Export Credit Agency Coordinator, Green Loan Coordinator, Documentation Bank and Facility Agent.