KPI Green Energy Limited has raised Rs 6.70 billion through issue of India’s first externally credit-enhanced green bond on the National Stock Exchange.
The five-year bond is backed by a 65 per cent partial guarantee from GuarantCo and carries an annual coupon of 8.5 per cent and has received AA+ ratings from both CRISIL and ICRA. The bond proceeds will be used to expand the company’s solar, wind and hybrid portfolio.