Reportedly, Greenko Group has secured a Rs 62 billion ($743 million) credit line from India’s National Bank for Financing Infrastructure and Development (NaBFID).
The funds will be used to partially refinance offshore debt, specifically two sets of dollar bonds maturing in January and July 2025. The credit line will be disbursed in tranches and is aimed at reducing Greenko’s dollar-denominated debt, which is more expensive compared to local currency loans. The loan’s pricing is linked to the NaBFID Lending Rate and includes multiple maturities extending up to 23 years.
