Greenko May Raise $1 billion in dollar bond sale

In Clean Fund, Clean News, News, Renewable Energy

Greenko is owned by sovereign wealth funds GIC of Singapore and Abu Dhabi’s Abu Dhabi Investment Authority (ADIA). It is meeting investors to raise up to $1 billion in a dollar bond sale.

The company, that had already started investor road shows on Monday, may raise $750 million to $1 billion through bonds to refinance the project-level debt or acquisition borrowings of the operating subsidiaries.

Credit rating agency, Fitch assigned a rating of ‘BB-(EXP)’ to the proposed US dollar notes of Greenko. The clean energy firm owns operating assets of 4.2 gigawatts (GW) and under-construction assets of 7 GW.

In 2017, it had raised $1 billion through dollar denominated bonds.

This is an Agency News-Feed

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