Greenko Energy Holdings has closed a 350 million corporate dollar bond offer at 6.25 per cent to refinance its debt at corporate level.
To refinance debt of over 1.4 billion from Indian banks, NBFCs and mutual funds, the Hyderabad-based company had recently raised $950 million in one of the largest overseas green bond offer made by an Indian renewable energy firm.
Sovereign funds of GIC Holdings and Abu Dhabi Investment Authority, who together are major stakeholders in the company, have infused over $2.2 billion into the company, fuelling its expansion.
Greenko has gradually built significant renewable assets portfolio with a combination of organic growth and a string of acquisitions over the years. It now has operating assets of 4.2 gigawatts and has under construction assets of over 7.2 GW. It is also working towards mega battery backed solar projects.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.