KPI Green Energy to issue INR 670 crore green bonds

KPI Green Energy Limited’s Debenture Committee has approved the issuance of secured, listed, rated, senior, redeemable, transferable, non-convertible certified "green" bonds totaling INR 670,00,00,000. These debentures, issued in dematerialised form on a private placement basis, will offer an interest rate of 8.50% per annum with a tenure of 60 months from the deemed allotment date. The bonds are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market Segment of the National Stock Exchange.

The issuance is secured by a first-ranking exclusive fixed charge over specified assets, including revenue-generating independent power producer projects. Security Pool 1 covers 110.7 MW of the company’s projects, along with exclusive floating charges over receivables and cash inflows, and a non-disposal undertaking on the land.

Additional security pools cover assets of KPIG Energia Private Limited (24.7 MW) and KPARK Sunbeat Private Limited (10 MW), each with similar fixed and floating charges, escrow accounts, and non-disposal undertakings. The company confirmed that there are no special rights or privileges attached to the instruments, nor any delay provisions for interest/principal payments exceeding three months.