Greenko to raise $1 billion via Asia’s largest green bond

Mumbai: Less than a year after its last offering, India’s leading clean energy company, Greenko, is raising around $1 billion via offshore dollar bonds — the largest green bond from a corporate entity in Asia till date. The objective of this fund raising exercise is to refinance the company’s first dollar bond that raised $500 million in 2014. Additionally, it will also help the company to refinance the debt that it inherited along with the acquisition of the 350 MW India portfolio of the bankrupt Sun Edison last year.

Greenko’s 7 year bond issue will be launched on Tuesday. It will be a minimum of $950 million to a little above $1 billion, said officials in the know.

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