ReNew Power raises $400-M via dollar bonds

ReNew Energy Global Plc, through its wholly-owned Mauritian entity India Clean Energy Holdings, has raised USD 400 million at 4.5% by issuing green bonds. The senior secured dollar notes are certified green bonds by Climate Bond Initiative and will be listed on the Singapore Exchange (SGX). These Green Bonds have a tenor of 5.25 years. The bulk of notes were subscribed to by long-only fund managers and pension funds. So far the company, through its subsidiaries, has raised over USD 3.5 billion across eight such issuances, of which seven are outstanding.