ReNew Power’s subsidiaries list $585 million FCBs on India INX
Ten subsidiaries of ReNew Power Pvt Limited listed their 7.25 year $585 million foreign currency bonds exclusively on Global Securities Market (GSM) of India International Exchange at GIFT International Financial Services Centre (IFSC) on Thursday.
The 7.25 year maturity bonds have been assigned expected ratings of BB- (Positive Outlook) by Fitch Ratings and Ba3 rating by Moody’s investor services and are priced competitively at 4.50 per cent.
India INX, a subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City.
V. Balasubramaniam, MD and CEO, India INX said, “We welcome ReNew Power on India INX and take even more pleasure in welcoming them as they have established a gateway for other Indian issuers to list exclusively on India’s own IFSC.
