In one of the largest overseas green bonds raised by an Indian clean energy producer, GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko Energy Holdings raised $950 million on Monday.
The bond raise followed after the two sovereign wealth funds agreed to pump in an additional $329 million in Greenko Energy Holdings. Mint reported about the proposed bond raise on 17 July. Greenko owns operating assets of 4.2 gigawatts (GW) and under-construction assets of 7 GW. It had raised $1 billion through dollar denominated bonds in 2017.