Greenko raises $950 million through Asia’ largest green bond

Date posted: Thursday 25 July 2019

In one of the largest overseas green bonds raised by an Indian clean energy producer, GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko Energy Holdings raised $950 million. Greenko’s bond issuance comes at a time when India’s emerging green economy will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30. Indian companies have been raising debt from overseas markets to take advantage of lower interest rates.

(Live Mint)