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ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

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ReNew Power | Green bonds

Anup Roy  |  Mumbai 

ReNew Power prices its green bonds at 4 per cent, say sources
Sources say the initial guidance was of 6 per cent, but the issue ended up getting priced at 4 per cent

on Monday priced its at the lowest rate for a high yield bond ever from India at 4 per cent, according to sources.

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by

Sources say the initial guidance was of 6 per cent, but the issue ended up getting priced at 4 per cent.

Bids worth $1.6 billion was received for the 5 year tenured bonds, sources said.

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First Published: Mon, February 08 2021. 22:49 IST
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