by Amruth Sundarkumar | Feb 27, 2023 | High Yield Bonds, India
Greenko Energy will prepay its $500mn 4.875% dollar bonds due August 2023 by using its near-term cashflows, as per ET sources. Greenko reported operating profits of $625mn in 2022 and expects it to rise to $650mn in 2023. The bonds are linked to a “restricted...
by Amruth Sundarkumar | Feb 22, 2023 | High Yield Bonds, India
Greenko Energy redeemed its $435mn 6.25% bond due 21 February 2023 after securing a bridge loan from several banks including JPMorgan, Barclays and DBS Bank. The bridge loan was of a similar amount as per Economic Times. Greenko has another dollar bond maturing this...
by Amruth Sundarkumar | Dec 13, 2022 | Credit Ratings, High Yield Bonds, India
Greenko Energy was downgraded to Ba2 from Ba1 by Moody’s upon its “high financial leverage due to its substantial capital spending programme”. The rating also reflected uncertainty around the Greenko’s revenue structure and customer mix....
by Amruth Sundarkumar | Oct 5, 2022 | Corporates, Credit Ratings, India
Greenko Energy was upgraded to BB- from B+ by S&P upon the improvement in its business position due to its stabilizing operating performance. Greenko’s diversified portfolio is set to lead to better operating performance and cash flows, helped by its...
by Amruth Sundarkumar | Sep 28, 2022 | Corporates, India
Brookfield Asset Management looks to invest at least $1bn in India’s Greenko Group. Brookfield will help in decarbonizing initiatives and the investment can be extended to $1.25bn at a $9-10bn valuation as per the ET. The investment may either be in its...
