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On Monday (17 July), Greenko – India’s market leading clean energy company, raised as much as US$ 1 billion in their multi-tranche bond issuance. This would be the largest green bond issuance by a privately held company in Asia, thus far.
Specifics:
Overall, the deal was oversubscribed by almost 2 times (US$ 2 billion orders), as compared to the actual deal size. Proceeds from this issuance would in part go towards the refinancing of their previous bond sale.
In its holdings, Greenko has a 8% coupon bond of size $ 550 million announced in 2014, which is due to mature in less than 2 years (2019).