ReNew Procures USD 400 Million Through Issuing of Green Bonds from Global Investors
The issuance underscores ReNew’s ability to raise capital along with assurance to our stakeholders about the entity’s strong balance sheet and liquidity position.
April 21, 2023. By EI News Network
The order book was oversubscribed around 4 times with an overall investor demand amounting in exceed worth USD 1.5 billion, resulting in a 35bps tightening of pricing.
The issuance underscores ReNew’s ability to raise capital along with assurance to our stakeholders about the entity’s strong balance sheet and liquidity position.
Earnings from the issue will be utilised to refinance existing dollar debt and fund numerous growth initiatives. The notes have been certified and validated by the Climate Bond Initiative and are in range with the ICMA Green Bond Principles. The Notes also contain a development impact assessment.
Renew was established in 2011, is one of India’s renewable energy company in terms of overall energy production capacity. In 2019-20 ReNew contributed around 1 percent approximately of an overall electricity produced in India and aided diminish 0.5 percent of the carbon emitted in a year on the average.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix