ReNew Power lists $585 million currency bonds on India INX
April 15, 2021
Fitch Ratingd has assigned BB- ratings for the bonds
In a first, ten subsidiaries of ReNew Power listed their 7.25-year $585 million foreign currency bonds exclusively on Global Securities Market of India International Exchange at GIFT IFSC on Thursday.
GSM, the primary market platform of India INX, has over 50 billion medium term notes established and over $26 billion of bond listings till date.
The 7.25 year maturity bonds have been assigned expected ratings of BB- (Positive Outlook) by Fitch Ratings and Ba3 rating by Moody’s investor services, and are priced competitively at 4.50 per cent.