Greenko Gets $743 Million Credit Line to Redeem Bonds
- India’s NaBFID extends a rupee loan with multiple maturities
- Firm will draw on credit line to refinance two dollar bonds
A turbine operates at a wind farm in Hubli, Karnataka, India.
Photographer: Dhiraj Singh/BloombergGreenko Group has obtained a 62 billion rupees ($743 million) credit line from India’s National Bank for Financing Infrastructure and Development as it seeks to partially refinance offshore debt, according to people with knowledge of the matter.
The clean energy company, backed by Singapore’s GIC sovereign wealth fund, will draw on the newly sanctioned credit line to refinance two sets of dollar bonds maturing in January 2025 and July 2026, said the people, who asked not to be identified because the information is private. Disbursements will take place in tranches, they said.