SAEL raises Rs 13.25 billion via bonds

SAEL has raised Rs 13.25 billion through the issuance of AA-rated bonds .

The proceeds from this long-term, secured, unlisted, rated, redeemable, non- convertible debt securities will give a major boost to SAEL’s green energy initiatives. The bonds were subscribed by a consortium of four leading institutions, namely, India Infradebt Limited, Aseem Infrastructure Finance Limited, TATA Cleantech Capital Limited, and Kotak Infrastructure Debt Fund Limited. This long-term financing is denominated in rupees and is slated to mature in 2033. Barclays acted as sole arranger and structuring agent for the issuance.