KPI Green Energy Limited has informed the Exchange about Allotment of secured, listed, rated, senior, redeemable, transferable, non-convertible certified green bonds aggregating INR 670,00,00,000 (Indian Rupees Six Hundred and Seventy Crores only) ( Debentures ), in dematerialised form, on a private placement basis to identified investors. Disclosure is attached herewith.
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KPI Green Energy Limited has allotted green bonds (non-convertible debentures) worth INR 670 Crores on a private placement basis to identified investors. The bonds are secured, listed, rated, senior, redeemable, and transferable, issued in dematerialised form. These are certified green bonds, meaning the proceeds are earmarked for environmentally sustainable projects, which aligns with the company's renewable energy business. The coupon rate/yield is not disclosed in this filing.
This INR 670 Crore fundraise strengthens KPI Green Energy's capital base for its renewable energy projects without diluting equity shareholders. Green bond issuance reflects investor confidence in the company's ESG credentials, though redemption obligations will add to future debt servicing requirements.