ReNew Power uses tried and tested structure for $325m outing

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By Morgan Davis
21 Oct 2020

ReNew Power, the Indian renewable energy giant, brought a $325m green bond to the market on Tuesday. It offered investors a rare opportunity to buy a high yielding deal from the country, despite using a fairly unusual structure for its transaction.

ReNew, which operates wind and solar power sources in India, has sold a handful of dollar bonds in recent years, each with fairly unique structures, as GlobalCapital Asia has reported in the past.

Tuesday’s transaction, which was printed by India Green Energy Holdings (IGEH), looked most ...

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