GURGAON, India, April 5, 2021 /PRNewswire/ -- ReNew Power
Private Limited ("ReNew Power" or the "Company"), India's leading renewable energy company,
today announced the successful pricing of $585 million of 4.5% U.S. dollar-denominated
senior secured "green bonds" due 2028 on March 31, 2021, to be issued by certain of its
subsidiaries. The Company plans to utilize the proceeds to, among
others, repay outstanding debt. The bonds have a tenor of 7.25
years and a fixed interest rate of 4.5% per annum. In-principle
approval has been obtained for the listing and trading of the bonds
on the India International Exchange (IFSC) Limited (the "India
INX").
About ReNew Power
ReNew Power Private Limited is India's leading renewable energy independent
power producer ("IPP") by capacity and is the 13th
largest global renewable IPP by operational capacity. ReNew Power
develops, builds, owns and operates utility-scale wind energy
projects, utility-scale solar energy projects, utility-scale firm
power projects and distributed solar energy projects. As of
December 31, 2020, ReNew Power had a
total capacity of close to 10 GW of wind and solar energy projects
across India, including
commissioned and committed projects. ReNew Power has a strong track
record of organic and inorganic growth. ReNew Power's current group
of stockholders contains several marquee investors including
Goldman Sachs, CPP Investments, Abu Dhabi Investment Authority, GEF
SACEF and JERA.
For more information, please visit:
www.renewpower.in; Follow ReNew Power on Twitter
@ReNew_Power
Note:
This press release is not an offer of securities for sale in
the United States or any other
jurisdiction. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933 (the
"Securities Act") or any state securities laws of the United States, and may not be offered or
sold in the United States absent
registration or an applicable exemption from, or in a transaction
not subject to, the registration requirements under the Securities
Act and applicable state securities laws of the United States. No public offering of the
securities has been or will be made in the United States or any other
jurisdiction.
The India INX has not approved or verified the contents of this
press release.
Cautionary Statement Concerning Forward-Looking
Statements:
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the U.S. Securities Exchange Act of 1934, including statements
regarding the offering and the anticipated use of the net proceeds
therefrom. These forward-looking statements represent the Company's
expectations or beliefs concerning future events, and the results
expressed or implied in this press release might not be achieved.
These forward-looking statements are subject to risks,
uncertainties and other factors, many of which are outside the
Company's control, which could cause actual results to differ
materially from the results express or implied in the
forward-looking statements.
These forward-looking statements speaks only as of the date on
which they are made, and, except as required by law, the Company
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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SOURCE ReNew Power Private Limited