Greenko Group in talks to raise up to $1 billion in dollar bond sale
MUMBAI: Renewable energy firm Greenko Group is meeting investors to raise up to $1 billion in a dollar bond sale, said two people aware of the development, requesting anonymity.
One of the largest renewable energy companies in India, Greenko is owned by sovereign wealth funds GIC of Singapore and Abu Dhabi’s Abu Dhabi Investment Authority (ADIA).
According to the first person cited above, the company is looking to raise $750 million to $1 billion through bonds to refinance debt for a part of its operational assets. “Investor road shows were started on Monday. The issue size is likely to be closer to $1 billion, depending on the demand,” he added.
