{"id":365682,"date":"2020-07-31T10:27:09","date_gmt":"2020-07-31T04:57:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365682"},"modified":"2020-07-31T10:34:51","modified_gmt":"2020-07-31T05:04:51","slug":"renew-power-to-raise-rs-1000-cr-equivalent-in-part-guaranteed-forex-bonds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-to-raise-rs-1000-cr-equivalent-in-part-guaranteed-forex-bonds\/","title":{"rendered":"ReNew Power to raise Rs 1,000 cr equivalent in part-guaranteed forex bonds"},"content":{"rendered":"<p>Green energy firm ReNew Power is planning to raise Rs 1,000 crore equivalent in foreign currency bonds after securing a partial guarantee from GuarantCo, according to sources familiar with the matter. <\/p>\n<p>The issuance could be announced in a week or so, and would be the first such issuance in more than a year. This also indicates that the high-yield markets overseas are opening up, but are still circumspect on the likely impact on debt serviceability after the Covid-19 outbreak. <\/p>\n<p>High-yield bonds from Asia totaled $2.2 billion in June, after two months of no issuance, according to rating agency Moody\u2019s. All the seven deals were from China-based property companies, the rater noted. In that sense, ReNew Power would be opening up the chapter for Indian companies after the Covid outbreak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Green energy firm ReNew Power is planning to raise Rs 1,000 crore equivalent in foreign currency bonds after securing a partial guarantee from GuarantCo, according to sources familiar with the matter. The issuance could be announced in a week or so, and would be the first such issuance in more than a year. This also indicates that the high-yield markets overseas are opening up, but are still circumspect on the likely impact on debt serviceability after the Covid-19 outbreak. High-yield bonds from Asia totaled $2.2 billion in June, after two months of no issuance, according to rating agency Moody\u2019s. All [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-365682","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365682","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365682"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365682\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}