ReNew targets niche investors for $300m deal

Wind turbine 230x150 Italy
By Morgan Davis
06 Sep 2019

Indian renewables company ReNew Power took home $300m from a bond that appealed to a niche, but captive, investor base.

ReNew, through bookrunners Barclays, Goldman Sachs, HSBC and JP Morgan, began marketing the three year and 15 day note at a final price guidance of 6.45%. The $300m 2022 transaction was closed at the same level and sold at par. The notes were trading up around 100.60 in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial