ReNew Raises $400 Million Through Issuance of Green Bonds, Sees Strong Demand From Global Investors
Order book oversubscribed about 4 times resulting in 35bps tightening of pricing and marking the end of a year-long hiatus for
The green bonds received strong demand from investors in US,
The Corporate Style Notes carry a US Dollar coupon rate of 7.95 percent and have been rated Ba3 by Moody’s and BB- by Fitch. Proceeds from the issue will be used to refinance existing dollar debt and fund various growth initiatives. The notes have been certified by the Climate Bond Initiative and are aligned with the ICMA Green Bond Principles. The Notes also include a development impact assessment.
ReNew’s President Corporate Finance,
During FY2023, ReNew has repaid more than
In February, the company made a strategic decision to rebrand itself as ReNew to reflect its transition from being a pure-play renewables company to a decarbonization partner providing end-to-end solutions across the decarbonization spectrum, including clean energy, energy storage and carbon markets. ReNew has been leveraging digital technologies and proprietary AI to address increasingly complex requirements of customers and users of renewable energy where ReNew is a market leader.
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ReNew | Shilpa Narani | email@example.com