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ReNew Power 4.500% 07/28 (USD)
ReNew Power (Subsidiaries as Co-Issuers)
ReNew Power Limited operates as a power generating company. The Company generates electricity through solar and wind power plant.
to trade this BondbloX
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSY7280PAA13
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.512
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
ReNew Power (Subsidiaries as Co-Issuers)
ISIN
USY7280PAA13
Bond Currency
USD
Country of Risk
IND
Guarantor
ReNew Power Private Limited
Coupon
4.500%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Electric
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
585,000,000
Amount Outstanding
585,000,000
Issue Date
Apr 14, 2021
Maturity Date
07/28
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Ba3,Fitch:BB-
Registration Type
Regulation S
Seniority
Senior Secured
Callable
Y
Next Call Date
Mar 7, 2024
Next Call Price
103.375
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jul 14, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Co-Issuers

ReNew Wind Energy (AP 2) Private Limited, Ostro Jaisalmer Private Limited, Ostro Urja Wind Private Limited, Ostro Madhya Wind Private Limited, Badoni Power Private Limited, AVP Powerinfra Private Limited, Prathamesh Solarfarms Limited, Ostro Anantapur Private Limited, Ostro Mahawind Power Private Limited and ReNew Wind Energy Delhi Private Limited, each a company with limited liability incorporated under the laws of India (each, a “Co-Issuer,” and collectively, the “Co-Issuers”) and each a subsidiary of ReNew Power Private Limited (the “Company” or the “Parent Guarantor”), are the offering the Notes.

Redemption for Taxation Reasons

Subject to certain exceptions and as more fully described herein, the Notes may be redeemed, at the option of the Co-Issuers or the Parent Guarantor, in whole but not in part, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, upon the occurrence of certain changes in applicable tax law and subject to certain conditions. See “Description of the Notes – Redemption for Taxation Reasons.”

Repurchase of Notes Upon a Change of Control Triggering Event

Not later than 30 days following a Change of Control Triggering Event, the Co-Issuers will make an offer to purchase all outstanding Notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the applicable Offer to Purchase Date. See “Description of the Notes – Repurchase of Notes Upon a Change of Control Triggering Event.”

Covenants

The Indenture will contain certain covenants that, among other things, limit the Restricted Group’s ability to:

  • incur or guarantee additional indebtedness;
  • issue disqualified or preferred stock;
  • declare dividends on capital stock or purchase or redeem capital stock;
  • make investments or other specified restricted payments;
  • have subsidiaries;
  • sell assets;
  • enter into sale and leaseback transactions;
  • enter into transactions with shareholders or affiliates; and
  • effect a consolidation or merger.

These covenants will be subject to a number of important limitations and exceptions. See “Description of the Notes—Certain Covenants.”

Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSY7280PAA13.
Download
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
 
ReNew Power 4.500% 07/28 (USD)
to trade this BondbloX
ReNew Power (Subsidiaries as Co-Issuers)
ReNew Power Limited operates as a power generating company. The Company generates electricity through solar and wind power plant.
Bondblox Price Information
Last Price
-
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSY7280PAA13
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
0.512
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
ReNew Power (Subsidiaries as Co-Issuers)
ISIN
USY7280PAA13
Bond Currency
USD
Country of Risk
IND
Guarantor
ReNew Power Private Limited
Coupon
4.500%
Coupon Type
Fixed-Fixed (For Life)
Industry Type
Electric
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
585,000,000
Amount Outstanding
585,000,000
Issue Date
Apr 14, 2021
Maturity Date
07/28
Perpetual
N
Redemption Value
100.000
Bond Rating
Moody's:Ba3
Fitch:BB-
Registration Type
Regulation S
Seniority
Senior Secured
Callable
Y
Next Call Date
Mar 7, 2024
Next Call Price
103.375
Reference Rate
-
Spread
-
Refix Frequency (years)
-
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jul 14, 2024
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Co-Issuers

ReNew Wind Energy (AP 2) Private Limited, Ostro Jaisalmer Private Limited, Ostro Urja Wind Private Limited, Ostro Madhya Wind Private Limited, Badoni Power Private Limited, AVP Powerinfra Private Limited, Prathamesh Solarfarms Limited, Ostro Anantapur Private Limited, Ostro Mahawind Power Private Limited and ReNew Wind Energy Delhi Private Limited, each a company with limited liability incorporated under the laws of India (each, a “Co-Issuer,” and collectively, the “Co-Issuers”) and each a subsidiary of ReNew Power Private Limited (the “Company” or the “Parent Guarantor”), are the offering the Notes.

Redemption for Taxation Reasons

Subject to certain exceptions and as more fully described herein, the Notes may be redeemed, at the option of the Co-Issuers or the Parent Guarantor, in whole but not in part, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the applicable redemption date, upon the occurrence of certain changes in applicable tax law and subject to certain conditions. See “Description of the Notes – Redemption for Taxation Reasons.”

Repurchase of Notes Upon a Change of Control Triggering Event

Not later than 30 days following a Change of Control Triggering Event, the Co-Issuers will make an offer to purchase all outstanding Notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the applicable Offer to Purchase Date. See “Description of the Notes – Repurchase of Notes Upon a Change of Control Triggering Event.”

Covenants

The Indenture will contain certain covenants that, among other things, limit the Restricted Group’s ability to:

  • incur or guarantee additional indebtedness;
  • issue disqualified or preferred stock;
  • declare dividends on capital stock or purchase or redeem capital stock;
  • make investments or other specified restricted payments;
  • have subsidiaries;
  • sell assets;
  • enter into sale and leaseback transactions;
  • enter into transactions with shareholders or affiliates; and
  • effect a consolidation or merger.

These covenants will be subject to a number of important limitations and exceptions. See “Description of the Notes—Certain Covenants.”

Related Documents
Final Terms
Download
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSY7280PAA13.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.

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