SAEL Group issues bonds worth $305 million in international markets

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Domestic renewable player SAEL Group on Friday said it has issued green bonds worth USD 305 million in the international markets.

"The USD 305 million (approximately worth Rs 2,500 crore) green bond was jointly issued by SAEL along with 5 wholly-owned subsidiaries together referred to as 'The Restricted Group'," the statement said.

SAEL Group aims to increase the portfolio of solar and waste-to-energy assets to 5 GW by the next two years, its Chief Investment Officer Varun Gupta said.

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Category: BusinessFinance

Markets: India

Topics: SAEL Group Bonds International markets Fundraising Varun Gupta Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 18:56:12 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 242 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21784697

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