Hero Future Energies May Raise up to USD500 Million in Public Offering of Bonds

Published: Oct 12 2017
Deal Summary

Hero Future Energies Ltd, a renewable energy company, intendeds to issue bonds for gross proceeds between USD400 million and USD500 million in a public offering, as reported by Financial Express, citing people familiar with the matter.

According to the source, the company intends to issue the bonds in the overseas through a subsidiary. The tenure of the bond is likely to be close to five years, the sources reported.

According to Financial Express, the company is in talks with investment bankers to explore the possibilities of tapping the dollar bond market to raise funds.

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