by Amruth Sundarkumar | Aug 4, 2022 | Corporates, India
India based Greenko secured a INR 55bn ($700mn) loan from state-owned Power Finance Corporation (PFC) to build a river energy storage project in the southern state of Andhra Pradesh. The debt is in the form of a 20-year loan at an annual interest rate of 11%; the...
by Amruth Sundarkumar | May 18, 2022 | Corporates, India
India-based Greenko Group is setting up the world’s largest renewable energy storage plant in Andhra Pradesh with a $3bn investment. A 5.23GW project is being set up and is expected to be commissioned by 2023. Out of 5.23 GW, 3GW is solar, 550MW for wind and...
by Amruth Sundarkumar | Mar 29, 2022 | High Yield Bonds, India
Indian clean energy producer Greenko Energy is said to be planning a potential 3Y green dollar bond issuance, Bloomberg reports. The Hyderabad-based company plans to use proceeds from the new bond for investments in a pumped energy storage unit. Greenko is said to...
by Amruth Sundarkumar | Dec 2, 2021 | High Yield Bonds, India
Indian clean energy producer Greenko Energy is said to be planning an offshore bond issuance of as much as $1bn, ET reports. The Hyderabad-based company plans to use proceeds from the new bond to retire a high cost bank loan, expand capacity and/or other business...
by bondevalue | Mar 23, 2021 | High Yield Bonds, India
Greenko Dutch BV raised $940mn via a 5Y non-call 2Y (5NC2) amortizing bond at a yield of 3.85%, 15bp inside initial guidance of 4% area. The senior amortizing bonds have a weighted average life (WAL) of 4.7Y and have expected ratings of Ba1/BB. Greenko Dutch BV is a...
