ReNew Power raised $450 Mn through Dollar Bonds

ReNew Power raised $450 Mn through a dollar bond issuance, planning to use funding to refinance its previous borrowing & to meet its future capital requirements.

The Mint report further said the bonds are priced at a coupon rate of 5.875% and will be issued in two tranches. Some of the bonds will get mature in five and a half years, whereas most of the bonds have a maturity period of seven years.

ReNew Power is an independent power producer (IPP) of renewable energy using clean sources such as wind and solar power with the capacity to generate 8 gigawatts across 16 state

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