The US dollar-denominated bonds will help the company manage its refinancing obligations which are due later this year as it continues to expand its pumped storage and integrated renewable energy projects across India. Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority (ADIA), is focusing on hybrid clean energy solutions.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.