New Delhi: In a successive bond raise issue, GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko Energy Holdings raised $350 million through a corporate dollar bond on Wednesday to refinance debt at corporate level.
The bond raise round followed after the Hyderabad-based firm raised $950 million last month, in one of the largest overseas green bonds raised by an Indian green energy firm.
“Greenko has refinanced over $1.4 billion of debt from Indian banks, NBFCs (non banking financial institutions) and MFs (mutual funds) in this difficult market, including equity equity round of $835 million,” said a person aware of the development requesting anonymity.
