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Mission Solar

Mission Solar

India´s approach of focussing largely on utility-scale solar parks and aggressive pricing has attracted a lot of scepticism. The renewable energy sector has shown tremendous growth over the last two years.

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Exim Bank raises $ 500 million

Exim Bank raises $ 500 million

Exim Bank has raised $500 million by selling bonds to offshore investors. The bond has a tenure of five-and-a-half years offering a yield of 3.961 per cent. The issue was rated as BBB- by rating company S&P. Investors across Asia, Europe and the US have subscribed this issue. Asian investors' subscription was to the tune of 62 per cent while European investors bought 33 per cent of the stake.

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Exim Bank PAC in Africa this year

Exim Bank PAC in Africa this year

Exim Bank will be setting up a project advisory company (PAC) in Africa this year. The PAC will essentially look to bring infrastructure projects in Africa to a bankable stage and facilitate exports from India to Africa. This is the first time Exim Bank is looking to set up a PAC and also the first time in Africa. Opportunities for infrastructure development in Africa are huge, with a World Bank study projecting the annual investment requirement in infrastructure at $90 billion.