Azure Power Secures REC & HSBC Refinancing, Completes Early Bond Prepayment
Oct 17, 2024
Gurugram (Haryana) [India], October 17: Azure Power Global Limited, a leading sustainable energy solutions provider and renewable power producer in India, has announced the successful completion of its Rs24 billion refinancing transaction, structured as an INR Term Loan underwritten solely by REC Limited. Following this transaction, the company has successfully prepaid its Green Bonds, originally issued in 2019 for $350 million and backed by 10 solar projects commissioned between 2016 and 2019. The bonds were set to mature in December 2024. With this, more than $ 500 million of debt has been refinanced in the current financial year.
Read More...
