Continuum Green Energy eyes IFC for green fund bond funding
February 11, 2021
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IFC subscribed to 10% of Continuum’s first green bond that listed on the Singapore bourse on February 10
Mumbai-based Continuum Green Energy Ltd has tapped the International Finance Corporation (IFC) to anchor its first green bond.
IFC has subscribed to 10 per cent of Continuum Green Energy’s first green bond, which listed on the Singapore stock exchange on February 10. The offering raised $561 million and will primarily be used to refinance existing debt.
Continuum is a provider of renewable power to corporates in the commercial and industrial sectors in India, with roughly two gigawatts of wind and solar projects across the country. The company is majority-owned by a $4-billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners, that focuses on long-term investments in infrastructure assets across the globe. IFC’s investment continues a relationship that began in
BW Businessworld
IFC Picks Up $56 Mn Of Continuum Energy s $561 mn-green Bonds
The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy s first green bond sale closed earlier this month
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The International Finance Corporation (IFC) has picked up 10 per cent of the first green bond issuance worth USD 561 million by Continuum Wind Energy as the anchor investor.
The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy s first green bond sale closed earlier this month, the World Bank Group member said.
On February 2, PTI was the first to report that Continuum was in the market to raise USD 560 million via a six-year green bond issue. Finally, it closed the issue raising USD 561 million at a price of 4.5 per cent over the US treasury.