Greenko Wind Projects (Mauritius) Limited, an indirect subsidiary of Greenko Energy Holdings, has issued $1 billion 7.25% secured notes due 2028.
Law firms who acted on this transaction include, TT&A, CAM, Clifford Chance, Appleby, Linklaters Singapore Pte. Ltd, YKJ Legal and Moses Singer LLP.
Barclays Bank PLC, BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, MUFG Securities Asia Limited Singapore Branch, SMBC Nikko Securities (Hong Kong) Limited and Standard Chartered Bank are the Initial Purchasers of this Issue.
TT&A advised as Indian legal counsel to the Initial Purchaser.
The transaction team consisted of Rahul Gulati (Partner), Priyanka Kumar (Partner), Sahil Kataria (Senior Associate), Shrijaya Singh (Associate) and Sushil Joon (Associate).
Clifford Chance advised as U.S. counsel to the Initial Purchasers.
Appleby advised as Mauritius counsel to the Initial Purchasers.
Cyril Amarchand Mangaldas acted as Indian counsel to Greenko Wind Projects and Greenko Energy Holdings.
Linklaters Singapore Pte. Ltd acted as U.S. counsel to Greenko Wind Projects and Greenko Energy Holdings.
YKJ Legal acted as Mauritius counsel to Greenko Wind Projects and Greenko Energy Holdings.
Moses Singer LLP acted as U.S. counsel to the Trustee.
The proceeds of the Notes will be utilized by Greenko Wind Projects to lend/subscribe to indebtedness (the “Rupee Debt”) issued/availed by Greenko AP01 IREP Private Limited (which owns a standalone pumped storage project), incorporated in India.
Greenko Wind Projects (Mauritius) Limited (GWPML) focusses on renewable energy initiatives. In March 2022, GWPML successfully raised $750 million through a global green bond issuance, marking India's first international green bond for funding an energy storage project. The three-year bonds were priced at 5.5% and received a 'BB' rating from Fitch Ratings. The proceeds are intended to finance the Pinnapuram pumped-storage project in Andhra Pradesh, managed by the Pinnapuram SPSP Company. This project aims to enhance energy storage capabilities, supporting the integration of renewable energy sources into the grid.
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