Power Grid Corp. of India Ltd. plans to raise $500 million by selling 10-year unsecured bonds, according to a term sheet seen by Dow Jones Newswires.
The fixed-rate Reg S notes have an initial price guidance of 245 basis points over comparable U.S. Treasurys, the term sheet shows. Reg S bonds don’t need to be registered with the U.S. Securities & Exchange Commission.
The bonds are to be listed in Singapore.
The issue by Power Grid has a rating of BBB- / Negative by Standard & Poors and Fitch Ratings.
Barclays, The Royal Bank of Scotland and Standard Chartered Bank are the joint bookrunners for the issue.
Gallagher Re has shed light on the significant challenges insurers face when providing coverage for…
The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to…
GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific…
The electrical generation market is facing a number of challenges, including the need to increase…
Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable…
The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall…