Market Chatter: ReNew Energy Global Close to Getting $800 Million Refinancing Loan

MT Newswires Live18:59

ReNew Energy Global (RNW) is about to obtain a roughly $800 million foreign-currency loan, Bloomberg News reported Wednesday, citing people familiar with the matter.

Standard Chartered Bank and Societe Generale are underwriting the five-year loan facility, and the proceeds will be used to refinance debt related to an operational hybrid power project, the sources reportedly said.

ReNew Energy, Standard Chartered and Societe Generale did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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