BW Businessworld
IFC Picks Up $56 Mn Of Continuum Energy s $561 mn-green Bonds
The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy s first green bond sale closed earlier this month
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The International Finance Corporation (IFC) has picked up 10 per cent of the first green bond issuance worth USD 561 million by Continuum Wind Energy as the anchor investor.
The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy s first green bond sale closed earlier this month, the World Bank Group member said.
On February 2, PTI was the first to report that Continuum was in the market to raise USD 560 million via a six-year green bond issue. Finally, it closed the issue raising USD 561 million at a price of 4.5 per cent over the US treasury.
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The proposed disposal to Chinese company Suzhou Gefan Hardware And Plastic Industrial Co requires the approval of Broadway shareholders, and will result in Broadway becoming a cash company.