ReNew Energy subsidiary raises $400m in green bonds

A high-yield issuance outside of India was opened after more than a year of hiatus.

ReNew Energy’s wholly-owned subsidiary Diamond II Limited raised $400m through senior secured green bonds, receiving strong demand from in US, Europe and Asia.

In a statement, ReNew said the order book was oversubscribed about four times as total investor demand exceeded $1.5b, which led to a 35 basis point tightening of pricing.

The high-yield issuance out of India was opened after over a year of hiatus.

“Strong investor demand from global investors underscores the growing demand for renewables and validates our position as an industry leader,” said ReNew’s President of Corporate Finance Kailash Vaswani.

“Raising corporate funds at an expected rate is consistent with our long-term plan and will enable us to accelerate our renewable energy initiatives, reduce our cost of capital, drive innovation and make a positive impact on the environment,” Vaswani added.

Follow the link for more news on

ReNew Power

Also Read

Azure Power secures INR37b REC, HSBC refinancing

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit