CLP Wind Farms raises Rs 300 cr through non-convertible debentures
CLP Wind Farms, a subsidiary of CLP India, on Wednesday said it has raised Rs 296.9 crore through the issuance of rated, secured, unlisted, redeemable and non-convertible debentures.
The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company’s vision to invest in low-carbon footprint businesses.
Standard Chartered Bank and DBS Bank India were the arrangers for the bond issuance. India Ratings and Research has assigned a rating of AA to the bonds.
The yearly-coupon bonds will be issued in two tranches – Rs 196.9 crore and Rs 100 crore. The company is planning to use the proceeds from these green bonds to refinance loans used for its wind energy projects.
