•  
  •  
  •  

to-the-point: Azure Power kicks off USD-350m green bond sale

Azure Power Solar Power Plant (Photo: Business Wire)

September 25 (Renewables Now) - Azure Power Solar Energy Pvt Ltd, a unit of Indian solar power producer Azure Power Global Ltd (NYSE:AZRE) today announced it has launched a placing of USD 350.1 million of green bonds.

Funds from the transaction will be mainly used to refinance existing debt of the company.

The US dollar-denominated bonds, certified by the Climate Bonds Initiative, bear a coupon of 5.65% and will mature in 2024. They are being offered to eligible yield investors with a specific mandate or portfolio for buying green bonds and will not be registered under the Securities Act.

The latest offering represents the company’s second placing of such financial instruments.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription