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ReNew Power's $325 mn offshore bond issuance oversubscribed six times

Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book

ReNew Power | Goldman Sachs | offshore bonds

Shreya Jai  |  New Delhi 

ReNew entered Indian bond market in 2015 with three issuances of Rs 400 cr, Rs 280 cr and Rs 451 cr
This is ReNew’s second bond offering in this calendar year. It raised $450 million via dollar bonds in January when it was oversubscribed three times.

Goldman Sachs-promoted raised $325 million via offshore bond sale. The dollar bond offer was subscribed 6x with the total offer book at $2 billion.



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First Published: Thu, October 22 2020. 19:29 IST