Continuum Green Energy eyes IFC for green fund bond funding
February 11, 2021
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IFC subscribed to 10% of Continuum’s first green bond that listed on the Singapore bourse on February 10
Mumbai-based Continuum Green Energy Ltd has tapped the International Finance Corporation (IFC) to anchor its first green bond.
IFC has subscribed to 10 per cent of Continuum Green Energy’s first green bond, which listed on the Singapore stock exchange on February 10. The offering raised $561 million and will primarily be used to refinance existing debt.
Continuum is a provider of renewable power to corporates in the commercial and industrial sectors in India, with roughly two gigawatts of wind and solar projects across the country. The company is majority-owned by a $4-billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners, that focuses on long-term investments in infrastructure assets across the globe. IFC’s investment continues a relationship that began in
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Altice USA Q4 2020 results presentation. [Operator instructions] I would now like to hand the conference over to your speaker today, Nick Brown. Thank you. Please go ahead, sir.
Nick Brown
Senior Vice President, Corporate Finance and Development
Hello, everyone, and thank you for joining. In a moment, I ll hand you over to Altice USA s CEO, Dexter Goei; and our CFO, Mike Grau, who will take you through the presentation and then we ll move to Q&A. As today s presentation may contain forward-looking statements, please read the disclaimer on Page 2. Dexter Goei, go ahead.
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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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Lightpath Appoints Chris Morley as Chief Executive Officer
January 14, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 14, 2021
Lightpath, the fiber-based bandwidth technology company delivering advanced connectivity services to enterprise and wholesale customers across the greater New York Metropolitan area, today announces the appointment of Chris Morley as chief executive officer, effective immediately. Morley joins Lightpath following the recent announcement of Morgan Stanley Infrastructure Partners (MSIP) acquiring 49.99% of the Company from Altice USA, with Altice USA maintaining 50.01% controlling interest in Lightpath.
Morley has more than 20 years of experience in the communications infrastructure and telecommunications industry, most recently serving as senior operating advisor for Stonepeak Infrastructure Partners. Prior to that, Morley spent nearly a decade at Zayo Group, a leading c
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