ReNew Energy Global's India unit sets coupon for $600 million green dollar bond issue
By Dharamraj Dhutia
MUMBAI, Jan 23 (Reuters) - An Indian subsidiary of U.S.-listed ReNew Energy Global RNW.O has set the coupon for a five-year, $600 million dollar-denominated green bond issue, two merchant bankers said on Friday.
ReNew Treasury IFSC will pay a semi-annual coupon of 6.50% to investors, below the initial guidance of 6.8750%, the bankers added.
The company is incorporated in India's GIFT City and is a wholly-owned subsidiary of ReNew Pvt, a unit of ReNew Energy Global.
ReNew Energy Global did not reply to a Reuters email seeking comment.
The notes will be rated 'Ba3' by Moody's and 'BB–' by Fitch Ratings.
Barclays is among the global coordinators and bookrunners for the bond issue.
Proceeds will be used for on-lending to other entities within the ReNew Group, repayment of existing debt and funding of certain restricted group entities, the foreign lender said.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
