India: Sustainable energy firm ReNew Power raises $450m via dollar bonds

Renewable energy/Illustration/ Internet Archive

Sustainable energy firm ReNew Power Pvt Ltd has raised $450 million through a dollar bond issuance, a senior executive at the company told Mint.

“The firm’s order book of 3x for such a long tenor paper and high participation from investors across the US and Europe is very encouraging and reflective of the company’s prospects and its healthy leverage levels,” said D Muthukumaran, chief financial officer of ReNew Power.

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