Greenko is owned by sovereign wealth funds GIC of Singapore and Abu Dhabi’s Abu Dhabi Investment Authority (ADIA). It is meeting investors to raise up to $1 billion in a dollar bond sale.
The company, that had already started investor road shows on Monday, may raise $750 million to $1 billion through bonds to refinance the project-level debt or acquisition borrowings of the operating subsidiaries.
Credit rating agency, Fitch assigned a rating of ‘BB-(EXP)’ to the proposed US dollar notes of Greenko. The clean energy firm owns operating assets of 4.2 gigawatts (GW) and under-construction assets of 7 GW.
In 2017, it had raised $1 billion through dollar denominated bonds.
This is an Agency News-Feed