Commentary & Deal Flow

Greenko Wind Projects Mauritius Ltd. (the "Issuer"), an indirect subsidiary of Greenko Energy Holdings (the "Guarantor") has mandated Barclays, DBS Bank Ltd., Deutsche Bank and JPMorgan as JBRs and lead managers, and JPMorgan as the lead green structuring agent to arrange a series of fixed income investor update calls in Asia, Europe and the U.S. commencing on March 28, 2022. 

A benchmark size 3Y 144A / Reg S USD-denominated guaranteed senior green bond offering (the "Notes") may follow, subject to market conditions. Expected issue ratings: Ba1 by Moody’s, BB by Fitch. The proceeds will primarily be used to subscribe for or loan the rupee debt to be issued or borrowed by Greenko AP01 IREP Pvt (the "Pinnapuram SPSP Company").

The Pinnapuram SPSP Co. intends to use proceeds of rupee debt primarily to repay existing indebtedness, to fund interest reserve accounts (subject to applicable Indian regulations) and for capital expenditure in relation to the Pinnapuram standalone pumped storage project and costs or expenses prior to commencement of its commercial operations.