{"id":316253,"date":"2020-01-24T11:57:12","date_gmt":"2020-01-24T06:27:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316253"},"modified":"2020-01-24T11:57:12","modified_gmt":"2020-01-24T06:27:12","slug":"renew-power-raises-450-million-through-dollar-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-raises-450-million-through-dollar-bonds\/","title":{"rendered":"ReNew Power raises $450 million through dollar bonds"},"content":{"rendered":"<p>Sustainable energy firm ReNew Power Pvt. Ltd has raised $450 million through a dollar bond issuance, said D. Muthukumaran, the company\u2019s chief financial officer.<\/p>\n<p>\u201cThe firm\u2019s order book of 3x for such a long tenor paper and high participation from investors across the US and Europe are very encouraging and reflective of the company\u2019s prospects and its healthy leverage levels,&#8221; he said.<\/p>\n<p>The bonds, according to a person directly aware of the matter, were priced at a coupon rate of 5.875% and will be issued in two tranches with an average maturity of five-and-a-half years. \u201cHowever, most funds will be raised through bonds that have seven years to maturity,&#8221; he said on the condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sustainable energy firm ReNew Power Pvt. Ltd has raised $450 million through a dollar bond issuance, said D. Muthukumaran, the company\u2019s chief financial officer. \u201cThe firm\u2019s order book of 3x for such a long tenor paper and high participation from investors across the US and Europe are very encouraging and reflective of the company\u2019s prospects and its healthy leverage levels,&#8221; he said. The bonds, according to a person directly aware of the matter, were priced at a coupon rate of 5.875% and will be issued in two tranches with an average maturity of five-and-a-half years. \u201cHowever, most funds will be [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-316253","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316253"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316253\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}