Waste-to-energy maker SAEL raises Rs 1,325-crore from bond issue
SAEL, a waste-to-energy producer in India, has procured Rs 1,325 crore ($176m) by releasing AA rated bonds to top institutional investors, including Tata Cleantech Capital and Aseem Infrastructure Finance. The bonds have a 10-year tenure and will fund the development of an IPO-ready renewable energy firm in line with SAEL’s plan to add 3.5 GW of green capacity over the next five years.
