Mumbai: Greenko Wind has raised USD 750 million from a global bond issue for creating an energy storage facility in Andhra Pradesh, company officials said on Thursday. The company secured pricing of 5.50 per cent for its USD 750 million green bond issuance after starting the roadshows on Wednesday, bankers said. The bonds, raised by Greenko Wind Projects (Mauritius) or GWPML, which is an indirect subsidiary of Greenko Energy Holdings, were assigned a rating of ‘BB’ by global rating agency Fitch Ratings. The Fitch note had said GWPML will lend the proceeds of the US dollar bonds to an Andhra Pradesh (AP) pumped-storage project SPV (special project vehicle) – Pinnapuram SPSP Company – by investing in the SPV’s rupee-denominated debt. “This was the first international green bond issuance for funding an energy storage project in India,” Sameer Gupta, managing director and head of debt…
Greenko raises $750 million from bond sale to create energy storage facility, Energy News, ET EnergyWorld
