Azure Power returns with popular green bond

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By Addison Gong
18 Sep 2019

Azure Power Global pulled off an unusually large price tightening on its $350m green bond, which was buoyed by strong investor demand for a rare issuance from the Indian renewable energy sector.

One of India’s largest solar power companies, Azure sold a similar green bond — its debut in the international market — in July 2017 under a different entity called Azure Power Energy. That November 2022 bond, callable next year, had a rating of Ba3/—/BB- and was quoted at about ...

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