ReNew raises $460 million through dollar bond issuance

Mumbai: ReNew Power Pvt Ltd, one of India’s largest renewable energy companies, on Tuesday said that it has raised $460 million by issuing bonds to overseas investors to refinance existing offshore bonds raised in 2017.

This is the second time in the last six months that ReNew has tapped the dollar bond market. In October, ReNew raised $325 million selling bonds to foreign investors, in the first dollar bond offering by an Indian renewable energy company since the covid-19 disruption.

The second bond offering witnessed a demand of almost $1.7 billion, Kailash Vaswani, president, corporate finance, ReNew Power, said over the phone.