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Solar power player Acme raises $334-M via green bonds

MyBigPlunge  

Acme Solar Holdings has raised USD 334 million by issuing offshore green bonds. The bonds will be issued by an offshore company and proceeds will be used for subscription of non-convertible debentures issued by ACME's projects. The bonds will have a tenor of five years and a coupon rate of 4.7 %. The issue was oversubscribed by over 3 times. The bonds have received Green certification from Climate Bonds Initiative. The issue received a response from investors with a distribution split of 56 %, 22 % and 22% between APAC, EMEA and North America/LATM regions