Monday, March 17, 2025 | 01:45 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

ReNew Power to raise Rs 1,000 cr equivalent in part-guaranteed forex bonds

Will be the first such issuance in over a year, signalling that high-yield markets overseas are opening up, but remain circumspect on likely impact on debt serviceability after Covid outbreak

ReNew entered Indian bond market in 2015 with three issuances of Rs 400 cr, Rs 280 cr and Rs 451 cr
Premium

The issuance could be announced in a week or so, and would be the first such issuance in more than a year

Anup Roy Mumbai
Green energy firm ReNew Power is planning to raise Rs 1,000 crore equivalent in foreign currency bonds after securing a partial guarantee from GuarantCo, according to sources familiar with the matter.

The issuance could be announced in a week or so, and would be the first such issuance in more than a year. This also indicates that the high-yield markets overseas are opening up, but are still circumspect on the likely impact on debt serviceability after the Covid-19 outbreak.

High-yield bonds from Asia totaled $2.2 billion in June, after two months of no issuance, according to rating agency Moody’s. All the seven

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in