Tue 02/14/2023 03:14 AM
UPDATE 1: 3:14 a.m. ET 2/14/2023:ReNew Power, the Indian renewable energy company, is in advanced discussions for a proposed USD bond issue to raise as much as $400 million, two sources familiar with the development said. The company has mandated Barclays Bank, Deutsche Bank, HSBC, JPMorgan and Standard Chartered Bank to assist with the issuance, the sources said.
The new USD bond is likely to have a maturity profile of 3.5 years and will be issued by ReNew Power’s holdco, the sources said....
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