Renew Power raises USD 400 million via dollar bonds
ReNew Energy Global Plc on Friday said it’s wholly-owned Mauritian entity India Clean Energy Holdings raised $400 million at 4.5% by issuing green bonds.
The senior secured dollar notes are certified green bonds by Climate Bond Initiative and will be listed on the Singapore Exchange (SGX), an official statement said.
These Green Bonds have a tenor of 5.25 years. This is the first High Yield issuance out of the ASEAN and South Asian regions in 2022, it said.
These notes were subscribed to by investors from the US and Asia at about 40% each and the balance by EMEA-based investors.
