ReNew Energy has raised $600 million from the issuance of 6.5% senior secured green bonds due 2031, through ReNew’s GIFT City subsidiary, ReNew Treasury IFSC Private Limited, a wholly owned subsidiary of ReNew Private Limited.
Linklaters advised ReNew Energy on this green bond issuance.
The transaction team was led by Amit Singh (Partner and Head of India Practice) and Michele Discepola (Capital Markets Partner), with support from Magdalena Biereder (Counsel) and Alex Cui (Senior Associate).
Clifford Chance advised the joint global coordinators and joint bookrunners on this bond issuance. Barclays Bank PLC, BNP Paribas, Deutsche Bank, HSBC, J.P Morgan, MUFG and Standard Chartered Bank were joint global coordinators, as well as bookrunners with Credit Agricole CIB, DBS Bank Ltd and SMBC Nikko.
The transaction team was led by Alan Yeung (Partner), with support from Stephanie Liman (Counsel), Jun Kai Choo (Associate) and Alfie Harvey-Shipp (Trainee Solicitor).
ReNew is a leading decarbonization solutions company listed on Nasdaq whose clean energy portfolio is one of the largest globally. In addition to being a major independent power producer in India, ReNew provides end-to-end solutions in the areas of clean energy, value-added energy offerings through digitalization, storage, and carbon.
The green bonds are guaranteed by both ReNew Energy Global plc and ReNew Private Limited. The transaction attracted strong demand from institutional investors across Asia, the United Kingdom and the United States, reflecting substantial international investor confidence in ReNew’s credit profile and green financing framework. It also represents the first-ever international bond issuance by an entity incorporated in GIFT City.
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