ReNew Energy has raised $600 million through the issuance of 6.5% senior secured green bonds due 2031. The bonds were issued through ReNew Treasury IFSC Private Limited, a wholly owned subsidiary of ReNew Private Limited incorporated in GIFT City.
This transaction marks the first time a corporate has issued international bonds using a GIFT City entity.
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The green bonds are guaranteed by ReNew Energy Global plc and ReNew Private Limited and witnessed strong demand from institutional investors across Asia, the United Kingdom, and the United States.
Legal Advisory
Linklaters – Counsel to ReNew Energy
Linklaters advised ReNew Energy on the issuance of its senior secured green bonds.
Transaction Team
Amit Singh, Partner and Head of India Practice
Michele Discepola, Capital Markets Partner
Magdalena Biereder, Counsel
Alex Cui, Senior Associate
Clifford Chance – Counsel to the Joint Global Coordinators and Joint Bookrunners
Clifford Chance advised the joint global coordinators and joint bookrunners in connection with the green bond issuance.
Transaction Team
Alan Yeung, Partner
Stephanie Liman, Counsel
Jun Kai Choo, Associate
Alfie Harvey-Shipp, Trainee Solicitor
Financial Institutions Involved
The joint global coordinators and joint bookrunners for the issuance were Barclays Bank PLC, BNP Paribas, Deutsche Bank, HSBC, J.P. Morgan, MUFG, and Standard Chartered Bank.
Additional bookrunners included Credit Agricole CIB, DBS Bank, and SMBC Nikko.
About ReNew Energy
ReNew Energy is a Nasdaq-listed decarbonization solutions company with one of the largest clean energy portfolios globally. In addition to being a major independent power producer in India, ReNew provides solutions across clean energy, digitalization, storage, and carbon.
Strategic Significance
Represents the first-ever international bond issuance by a GIFT City–incorporated corporate entity
Demonstrates the use of GIFT City structures for offshore green bond issuances
Highlights strong international institutional investor demand for ReNew’s green financing framework
Why It Matters
This transaction establishes a precedent for Indian corporates seeking to access global debt capital markets through GIFT City–based entities, reinforcing India’s ambitions to position GIFT City as a hub for international capital markets and sustainable finance.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
