In Short : The Asian Development Bank (ADB) issued a $4 billion five-year global benchmark bond with a 4.50% coupon, maturing August 2028. Priced at 99.961%, it yields 14.6 basis points over U.S. Treasuries. The issuance saw broad global demand: 53% EMEA, 29% Americas, 18% Asia. ADB plans to raise $28–30 billion from capital markets […]
ReNew Power’s $325 mn offshore bond issuance oversubscribed six times
This is ReNew’s second bond offering in this calendar year. It raised $450 million via dollar bonds in January when it was oversubscribed three times. Goldman Sachs-promoted ReNew Power raised $325 million via offshore bond sale. The dollar bond offer was subscribed 6x with the total offer book at $2 billion. This is the first successful […]
ReNew Power eyes offshore bond market to raise $320 mn to refinance local debt
This would be the first such offshore bond issuance by an Indian renewable energy producer since covid-19 disrupted the markets in March. Mumbai: Renewable energy major ReNew Power Pvt. Ltd is planning to tap the offshore bond market to raise as much as $320 million to refinance local debt, the first such offshore bond issuance […]
AIIB debut in GBP market unlocks new financing for sustainable development
AIIB’s GBP 800 million five-year sustainable development bond is its fourth syndicated capital markets benchmark transaction in 2020, following successful 5-year and 3-year USD-denominated benchmarks and a debut Panda bond earlier in the year. This inaugural transaction in the GBP market attracted over GBP 2 billion in orders from over 74 investors across the globe. In its debut in […]
PFC in talks with bankers for $750 million overseas bond issue
PFC had raised over $2 billion through similar overseas offerings in the previous fiscal year. Its last offering of $750 million was in January and attracted bids for four times the bonds on offer New Delhi: Power Finance Corporation (PFC) is in discussions with bankers to raise up to $750 million through an overseas bond […]
Adani Transmission to raise up to $1 billion through bond sale
Power transmission firm to use funds raised from overseas dollar-denominated bonds to repay debt The proposed bond offering could be launched after the September quarter results Power transmission and distribution company Adani Transmission Ltd is looking to raise $750 million to $1 billion by selling overseas dollar-denominated bonds, said two people aware of the development, […]