Tue 01/02/2024 05:18 AM
ReNew is planning to redeem around Jan. 11 the $325 million 5.375% bonds due April 2024 issued by India Green Energy Holdings, two sources close to the situation said. The company has raised around INR 21 billion ($252 million) from state-owned financier REC Ltd. to partly refinance the bonds, the sources said, adding that the remaining bonds will be repaid through cash available and funding raised by the company at the holdco.
ReNew and REC did not respond to requests for comment.
–Malvika Joshi
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