ReNew Power plugs into dollar bond market

By Morgan Davis
01 Apr 2021

ReNew Power, a regular issuer from India's renewable energy sector, raised $585m this week from another green bond – and another complex structure.

ReNew has become a mainstay in the dollar bond market through its many green bond issuances. Investors have grown comfortable with the credit, as well as the unusual offshore issuance structures that it uses, said a banker on the trade.

Ten of the company's subsidiaries acted as co-issuers ...

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