ReNew Power concludes US$ 375 million Green Bond Issue

ReNew Power Limited, India’s largest renewable energy Independent Power Producer (IPP) today announced that it has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were offered at a yield of 6.67% per annum. The bond offer has been rated as BB by Fitch Ratings. The capital raised through the green bond issue will be utilized for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. Barclays (B&D), Goldman
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