Versuchen GOLD - Frei
MS to back Continuum's $400mn bond refinancing
The Business Guardian
|August 15, 2023
Continuum Green Energy, an Indian renewable energy company backed by Morgan Stanley Infrastructure Partners, is set to refinance its $400 million floating rate bonds with a new three-year fixed rate paper.
-
The move is aimed at mitigating interest rate and currency risks associated with the current bonds.
Despite the potential for lower funding costs with the new issuance, Continuum’s interest savings are expected to be minimal due to the larger amount being proposed. However, this new issuance will shield the company from interest rate fluctuations and the changing Secured Overnight Financing Rates, according to credit rating agency Standard and Poor’s (S&P).
S&P Global Ratings recently assigned a ‘B+’ long-term issuer credit rating to Continuum. Additionally, it assigned the same rating to the senior secured notes that Continuum Energy Aura Pte. Ltd., a subsidiary of Continuum Green Energy, is planning to issue.
Diese Geschichte stammt aus der August 15, 2023-Ausgabe von The Business Guardian.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Business Guardian
The Business Guardian
6 juveniles held for stabbing 19-year-old to death in Samaypur Badli
Six juveniles have been apprehended for allegedly murdering a 19-year-old man in outernorth Delhi's Samaypur Badli area, police said on Sunday.
1 min
April 20, 2026
The Business Guardian
Air India welcomes its first retrofitted B787-8 featuring new cabin interiors
Air India unveiled its first retrofitted, twin-aisle Boeing 787-8 (registered VT-ANT) on Sunday, marking the successful completion of a nose-to-tail cabin refresh of the first of 26 B787 aircraft, the press release said.
1 min
April 20, 2026
The Business Guardian
How Annamrita Foundation Ensures Quality at Scale
In a country as vast as India, delivering fresh and nutritious meals to millions of children every day is a significant responsibility.
1 min
April 20, 2026
The Business Guardian
Eknath Shinde slams Opposition after Women’s Reservation Bill fails
Maharashtra Deputy Chief Minister Eknath Shinde on Sunday hailed the Women's Reservation Bill as a historic initiative for women's empowerment and praised Prime Minister Narendra Modi, while sharply criticising the Opposition over the Bill's failure in the Lok Sabha, terming it a \"black day in history.”
1 min
April 20, 2026
The Business Guardian
NO VICTORS, ONLY VICTIMS: THE STRUCTURAL HOLLOWING OF THREE NATIONS
In Washington, Jerusalem, and Tehran, the rhetoric of strategic triumph’ remains the official currency.
5 mins
April 20, 2026
The Business Guardian
Vedanta Strengthens Cultural Heritage Preservation, Impacting 8 Lakh Lives in FY26
On World Heritage Day, Vedanta Limited (NSE: VEDL), India's leading metals, oil & gas, critical minerals, power, and technology conglomerate, reaffirmed its commitment to preserving and promoting India’s rich cultural heritage through community-led initiatives.
1 min
April 20, 2026
The Business Guardian
Political parties to remove fake content on social media within 3 hours'
The Election Commission of India (ECI) on Saturday reiterated strict compliance with legal frameworks for social media and AI-generated content in the 2026 state assembly elections in five states/UT, requiring the removal of unlawful content within three hours.
1 min
April 20, 2026
The Business Guardian
VAISHNAW REVIEWS BHUBANESWAR STATION REDEVELOPMENT, PRAISES FACILITIES
Union Railways Minister Ashwini Vaishnaw on Sunday reviewed the ongoing redevelopment work at Bhubaneswar Railway Station and interacted with passengers to assess facilities on the ground.
1 mins
April 20, 2026
The Business Guardian
Consumer discretionary firms likely to post strong Q4 growth on demand recovery: Report
Consumer discretionary companies are expected to post strong revenue and earnings growth in the March quarter of FY26, supported by a recovery in demand across segments, according to a report by HDFC Securities.
2 mins
April 20, 2026
The Business Guardian
ACCELERATING INDIA'S HIGH VALUE CROP DIVERSIFICATION
Agriculture occupies a foundational place in the vision of a Viksit Bharat.
4 mins
April 20, 2026
Translate
Change font size