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ReNew Energy Set to Secure $800mn Refinancing Loan, Sources Say
March 19, 2026
ReNew Energy Global is expected to secure a foreign-currency loan of about $800mn to refinance debt tied to an operational hybrid power project, as per sources. This is expected to be India’s largest offshore financing so far this year. The loan is expected to have a tenor of five years, set at SOFR+185bp. As per Bloomberg, Indian companies have raised $1.8bn in foreign-currency loans so far in 2026. This follows the $27.3bn raised last year, the most since 2007.
ReNew’s dollar bonds were trading stable, with its 4.5% 2028s at 95.25, yielding 6.75%.
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