Indian independent power company Azure Power will issue green bonds worth $ 350 m to facilitate refinancing of existing debt . Announced through its subsidiary Azure Power Solar Energy Private , the Climate Bonds Initiative - bond issuance will be offered to eligible yield investors with a green bond portfolio . The bond is the second set of solar green bonds put up by the company and will mature in 2024 with a predicted billion dollar coupon of 5.65 % . The bonds will be distributed largely to Asian investors , who will receive 25 % , while a third will go to those in the US and 21 % to Europe , the Middle East and Africa .
Indian independent power producer Azure Power will issue green bonds worth $350m to facilitate refinancing of existing debt. Announced through its subsidiary Azure Power Solar Energy Private, the Climate Bonds Initiative-certified issuance will be offered to eligible yield investors with a green bond portfolio. The programme is the second set of solar green bonds put up by the company and will mature in 2024 with a predicted US dollar coupon of 5.65%. The bonds will be distributed largely to Asian investors, who will receive 47%, while a third will go to those in the US and 21% to Europe, the Middle East and Africa.