Hero Future Energies secures $3 b in dollar bonds

Hero Future Energies has issued its first dollar-denominated bonds through its’ wholly owned subsidiary – Clean Renewable Power (Mauritius) Private Ltd.

“HFE’s green bond received orders of over $3 billion and was successfully priced at a coupon rate of 4.25 per cent for a six-year maturity period. The issuance was oversubscribed more than 8.5 times,” a statement made by the firm said.

Previously, in February 2016, the company has secured a funding worth ₹300 crore via issue of climate bonds.

“HFE’s first dollar bond offering has created a landmark by achieving the highest levels of over-subscription for any transaction out of India this year in the dollar bond market,” Chairman & Managing Director at Hero Future Energies – Rahul Munjal, said in the statement.

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Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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