ReNew plans $500 million dollar-bond issue to refinance upcoming debt maturities
MUMBAI: ReNew Energy Global PLC (REGP) is preparing to tap global debt markets with plans to raise over $500 million through dollar-denominated bonds to refinance a large portion of its upcoming maturities, according to two people aware of the matter.
The move comes as the Gurugram-based renewable energy company faces over $1.5 billion in cumulative debt maturities over the next 12 months across various borrowing lines, as per a 21 November Fitch Ratings note.
