Home » ReNew Power plans to raise $450 mn

ReNew Power plans to raise $450 mn

Power & New and Renewable Energy
February 1, 2017February 1, 2017
ReNew Power plans to raise $450 mn
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ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million. This will be a uniquely structured deal, where dollar-denominated bonds will be issued by an offshore entity unrelated to the company that will in turn invest in masala bonds issued by ReNew Power of the same value. The bonds are being issued by a Special Purpose Vehicle called Neerg Energy.

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