ReNew Refinances US$ 325 Million Debt Three Months Ahead of Maturity [Yahoo! Finance]
ReNew Energy Global plc - Class A Shares (RNW)
Company Research
Source: Yahoo! Finance
GURUGRAM, India, January 12, 2024 BUSINESS WIRE )--ReNew Energy Global plc ("ReNew" or "the Company") (Nasdaq: RNW, RNWWW), India's leading decarbonisation solutions company, on Friday announced the refinancing of Non-Convertible Debentures (NCDs) worth INR 23,910 million that were issued by its subsidiaries in October 2020. These NCDs were issued to India Green Energy Holdings, ("India Green Energy"), a Mauritius based SPV, which had raised US$ 325 Million through senior secured bonds ("USD Bonds") to subscribe to these NCDs. The USD bonds, issued at a coupon of 5.375%, were scheduled to mature in April 2024. The refinancing was done using proceeds of a long-term amortising project loan, obtained from a leading non-banking financial company (NBFC). India Green Energy has consequently redeemed the USD bonds three months ahead of maturity. This refinancing comes at an interest cost of less than 9% and would reduce the overall borrowing cost on this debt pool by more than 200 basis
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RNW
News
- ReNew partners with JERA to evaluate Joint Development of Green Ammonia Project in IndiaBusiness Wire
- ReNew Energy Global Plc (NASDAQ: RNW) had its price target lowered by analysts at Roth Mkm from $9.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- ReNew Crosses 10 GW of Gross Renewable Energy AssetsBusiness Wire
- India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [Financial Post (Toronto, Ontario, Canada)]Financial Post
- India's ReNew Sees Domestic Clean Energy Boom Fueling Its Growth [BNN Bloomberg (Canada)]BNN Bloomberg
RNW
Sec Filings
- 4/4/24 - Form 6-K
- 3/25/24 - Form 144
- 2/20/24 - Form 6-K
- RNW's page on the SEC website