E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 7/20/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Azure Power plans to redeem $500 million 5½% notes due 2022

By Rebecca Melvin

Concord, N.H., July 20 – Azure Power Energy Ltd. issued a notice of conditional redemption for its $500 million of 5½% senior notes due 2022 (ISINs: US05502JAA88, USV00027AA65).

The issuer is a subsidiary of Azure Power Global Ltd.

The redemption price for the notes is 101.375 plus interest.

Assuming that the redemption date is Aug. 20, the company will pay $1,013.75 per $1,000 principal amount plus accrued interest for the notes, which will then be delisted from the Singapore Exchange.

Citibank NA, London Branch is the paying agent.

New Delhi, India-based Azure Power is a solar power producer with a pan-Indian portfolio.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.