EBENE, Mauritius, Sept. 17, 2019 /PRNewswire/ -- Azure Power Solar
Energy Private Limited, a wholly owned subsidiary of Azure Power
Global Limited (NYSE: AZRE), a leading independent solar power
producer in India, will issue a
US$350,101,000 green bond offering,
maturing in 2024 (the "Bond") with an expected US Dollar coupon of
5.65%.
The Bond has been certified by Climate Bonds Initiative as a
Green Bond and is the second solar Green Bond to be offered by the
Company. The Company expects to primarily use the proceeds to
refinance existing indebtedness.
The Bond is offered to eligible yield investors who have a
specific mandate or portfolio for buying green bonds, and in each
case who are qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933 (the "Securities Act") or offshore
the United States in accordance
with Regulation S under the Securities Act. The Bond has not been
and will not be registered under the Securities Act and may not be
offered or sold within the United
States absent registration or an applicable exemption from
the registration requirements.
This is not an offer to sell or purchase nor the solicitation of
an offer to sell or purchase securities and shall not constitute an
offer, solicitation or sale in any state or jurisdiction in which,
or to any person to whom such an offer, solicitation or sale would
be unlawful.
About Azure Power
Azure Power (NYSE: AZRE) is a leading independent solar power
producer with a pan-Indian portfolio. With its in-house
engineering, procurement and construction expertise and advanced
in-house operations and maintenance capability, Azure Power
provides low-cost and reliable solar power solutions to customers
throughout India. It has
developed, constructed and operated solar projects of varying
sizes, from utility scale, rooftop to mini & micro grids, since
its inception in 2008. Highlights include the construction of
India's first private utility
scale solar PV power plant in 2009 and the implementation of the
first MW scale rooftop project under the smart city initiative in
2013.
For more information, visit: www.azurepower.com.
Investor Relation Contacts:
For investor enquiries, please contact Nathan Judge, CFA at ir@azurepower.com.
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SOURCE Azure Power