Shardul Amarchand Mangaldas & Co. advises India Cleantech Energy to issue green bonds bearing a coupon rate of 4.7% due 2026 (“Notes”) listed on the Singapore Exchange Securities Trading Limited equivalent to US$ 334 million

August 24, 2021

Shardul Amarchand Mangaldas & Co. advises India Cleantech Energy to issue green bonds bearing a coupon rate of 4.7% due 2026 (“Notes”) listed on the Singapore Exchange Securities Trading Limited. The deal is valued at US$ 334 million. The closing was on 10 August, 2021.

Proceeds from the offering will be used by India Cleantech Energy to subscribe to rupee denominated non-convertible debentures to be issued by twelve special purpose vehicles in India, which will use the proceeds primarily to repay their existing indebtedness.

The Transaction team was led by Prashant Gupta, Partner; Shubhangi Garg, Partner; Prateek Jauhari, Partner; Anjali Verghese, Principal Associate; Abhijeet Saxena, Senior Associate; Shobhit Shukla, Associate; and Shweta Singh, Associate.

Linklaters Singapore Pte. Ltd. advised ACME Solar Holdings Private Limited on U.S. federal securities law and New York laws aspects. Ashurst LLP and Talwar Thakore & Associates advised Deutsche Bank AG, Singapore Branch, Barclays Bank PLC and J.P. Morgan Securities plc. on U.S. federal securities laws and New York laws aspects and Indian law aspects.