Greenko Energy Holdings $1 billion 4.875% and 5.25% green bonds issue

Overview:

• Greenko Energy Holdings has issued $1 billion in green bonds through a subsidiary.
• The issue consisted of $350 million in 4.875% notes due 2022 and $650 million in 5.25% notes due 2024.
• The notes will be issued by subsidiary SPV Greenko Dutch.
• The funds raised will be used to refinance existing bonds.
• This is the largest corporate dollar green bond issue in Asia to date.
• Greenko is an Indian clean energy company.
• Barclays, Deutsche Bank, Investec, JPMorgan and Morgan Stanley acted as joint bookrunners.
• The deal follows a green bond issue in 2016 by Greenko Investment Company.

Katrin Kostadinova - Data analyst