Goldman’s ReNew Power Raises 5 Billion Rupees in Green Bonds
- Bond proceeds to help refinance 90-megawatt wind capacity
- Kotak Mahindra Bank and IDBI Bank lead managers for issuance
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ReNew Power Ventures Pvt. said it raised 5 billion rupees ($73.8 million) in green bonds to refinance debt for 90 megawatts of wind projects in central India.
Mutual funds purchased the entire issue of five-year bonds, Renew Power’s deputy Chief Financial Officer Kailash Vaswani told Bloomberg. The bond issuance was done two months ago but the green certification came only recently, he said.