Chicago, Dec. 13 – Greenko Power II Ltd. sold $1 billion of 4.3% senior notes due 2028 (//BB), according to a notice.
The notes are being guaranteed by Greenko Energy Holdings.
Barclays, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, HSBC Ltd. and J.P. Morgan Securities plc were the lead managers and bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to refinance the operating subsidiaries' project-level debt, according to Fitch Ratings.
Greenko is one of India’s leading renewable energy companies. The company is based in Hyderabad.
| Issuer: | Greenko Power II Ltd.
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| Guarantor: | Greenko Energy Holdings
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| Amount: | $1 billion
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| Issue: | Senior notes
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| Maturity: | Dec. 13, 2028
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| Bookrunners: | Barclays, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, HSBC Ltd. and J.P. Morgan Securities plc
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| Coupon: | 4.3%
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| Settlement date: | Dec. 13
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| Rating: | Fitch: BB
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| Distribution: | Rule 144A and Regulation S
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| ISINs: | US39530MAA62, USV3855MAA54
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