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Bond Market News
Azure Power To Prepay Dollar Bond Due December
September 12, 2024
Azure Power has announced the that it has issued a notice to prepay its $310mn 5.65% green bonds due December 2024. Sunil Gupta, CEO of Azure Power said that the refinancing reaffirmed their “strong market position” and “capability to raise funding at attractive terms”. The notes were issued in 2019 with a size of $350mn post which it conducted a tender offer to buy back some of its notes.
Its 5.64% 2024s are trading at 99.8, yielding 6.39%.
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