IFLR1000

Greenko Investment Company $500 million 4.875% green bond issue

22/8/2016
High-yield bond/note issue, Green bond issue
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$ 500 million

Completed

22/8/2016

Overview:

  • Greenko Investment Company has issued $500 million 4.875% senior notes due 2023 that are guaranteed by Greenko Energy Holdings—an operator of clean energy projects in India—on a senior basis.
  • The offering is India’s first high yield green bond issuance and addresses the financing needs of Greenko Energy Holdings’ Indian operating subsidiaries.
  • The notes are listed on the Singapore Exchange, and Deutsche Bank, Investec, JPMorgan, Morgan Stanley and UBS were the joint bookrunners and joint lead managers.
  • Greenko Investment Company is an indirect subsidiary of Greenko Energy Holdings, which has a portfolio of hydropower, wind and thermal projects with a combined installed capacity of over 1.0GW.

Adam Majeed - Regional editor

Jurisdiction:

India

Deal types:

High-yield bond/note issue
Green bond issue

Practice area:

Capital markets : Debt

Industry sector:

Energy

Firms:
Ashurst

Party: Investec (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: JPMorgan Chase (Underwriter)

Party: Deutsche Bank AG Na ON (Underwriter)

Cyril Amarchand Mangaldas

Party: Greenko Investment Company (Issuer)

Mayer Brown

Party: The Bank of New York Mellon (Trustee)

Shearman & Sterling

Party: Greenko Energy Holdings (Guarantor)

Party: Greenko Investment Company (Issuer)

TT&A

Party: Investec (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: JPMorgan Chase (Underwriter)

Party: Deutsche Bank AG Na ON (Underwriter)

YKJ Legal

Party: Greenko Investment Company (Issuer)

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