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Saturday, 18 January 2020

Lalitpur IPP into Indian offshore bond boom

PFI Issue 664 - January 15, 2020

Indian power companies issued about US$22bn of offshore bonds last year and there are no signs of this slowing down this year.

ReNew Power to issue green bond

PFI Issue 664 - January 15, 2020

Indian renewable energy producer ReNew Power will issue another US dollar 144A/Reg S green bond offering and it has mandated Barclays, HSBC and JP Morgan as joint lead managers and bookrunners to set up meetings in Hong Kong, Singapore, London, New York, Boston and Los Angeles starting this week.

Banks to get bad loans windfall

PFI Issue 664 - January 15, 2020

State Bank of India, IDBI Bank, Bank of India, Canara Bank, Bank of Baroda and others are in line for US$7.6bn windfall as a result of progress in bankruptcy proceedings against Essar Steel India, Prayagraj Power Generation, Ruchi Soya Industries and RattanIndia Power.

Adani Ports buys Krishnapatnam Port

PFI Issue 664 - January 15, 2020

Adani Ports & Special Economic Zone Ltd has paid US$1.8bn to acquire a 75% stake in Krishnapatnam Port (KPCL) in Andhra Pradesh from the CVR Group.

Adani Green bonds well-received

PFI Issue 664 - January 15, 2020

Renewable energy firm Adani Green’s US$362.5m green bond issue attracted interest worldwide, with US accounts picking up 24%, Asia taking 60% and 16% going to EMEA.