{"id":378999,"date":"2020-10-17T10:57:35","date_gmt":"2020-10-17T05:27:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378999"},"modified":"2020-10-17T10:57:35","modified_gmt":"2020-10-17T05:27:35","slug":"renew-power-eyes-offshore-bond-market-to-raise-320-mn-to-refinance-local-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-eyes-offshore-bond-market-to-raise-320-mn-to-refinance-local-debt\/","title":{"rendered":"ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt"},"content":{"rendered":"<p>Mumbai: Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance by an Indian renewable energy producer since covid-19 disrupted the markets in March.<\/p>\n<p>On Friday, international rating agency Moody&#8217;s Investors Service said that it has assigned a Ba3 rating to the proposed 3.5-year USD senior secured notes of up to $320 million to be issued by India Green Energy Holdings.<\/p>\n<p>India Green will use the proceeds from the dollar notes to subscribe to seven-year non-convertible debentures (NCDs) to be issued by 11 restricted subsidiaries (RG3), which are either wholly-owned or majority-owned subsidiaries of ReNew Power, the rating agency said. These subsidiaries comprise of solar and wind projects of over 400 megawatts (MW) capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance by an Indian renewable energy producer since covid-19 disrupted the markets in March. On Friday, international rating agency Moody&#8217;s Investors Service said that it has assigned a Ba3 rating to the proposed 3.5-year USD senior secured notes of up to $320 million to be issued by India Green Energy Holdings. India Green will use the proceeds from the dollar notes to subscribe to seven-year non-convertible debentures (NCDs) [&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-378999","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\/378999","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=378999"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378999\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}