ReNew Power raises $400 million from global debt investors
ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries’ mop-up of USD 4 billion.
The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of the operating firm ReNew Power.
It offered a coupon of 4.5 per cent to the USD 400-million 5.25-year senior secured dollar notes.
The money will be used to refinance existing high-cost debt and fund capital expenditure, among other uses, the Gurugram-headquartered and Nasdaq-listed company said.
