India's Rural Electrification Corporation (REC) on Friday launched its first Green Bond on the London Stock Exchange (LSE) and raised 450 million US dollars to finance renewable energy projects in India.<br/><br/>The 10-year dated Green Bond raised 450 million US dollars, with an annual yield of 3.965 per cent on the LSE. It was 3.9 times oversubscribed on the final order book and secured strong international investor interest. The funds raised will help promote renewable energy projects all across India and aid in achieving our government's target of 175 GW of installed renewable energy capacity by 2022.'<br/><br/>REC is a listed NAVRATNA Public Sector Enterprise under the Ministry of Power.<br/><br/>