Cyril Amarchand Mangaldas and Shearman & Sterling have advised Indian renewable energy company Greenko Energy Holdings on its $950 million green bond offering, Asia’s largest so far this year, whose shareholders were GIC Holdings and Abu Dhabi Investment Authority (ADIA).

Talwar Thakore & Associates (TT&A) and Ashurst counselled the banks, namely Barclays, Citigroup Global Markets, Deutsche Bank, Emirates NBD, Investec, JP Morgan, Morgan Stanley and Standard Chartered Bank. 

According to website Renewables Now, the bond offering, which was three times oversubscribed, came a week after GIC and ADIA agreed to make an additional $329-million equity investment in Greenko.

The Hyderabad-based Greenko currently has more than 4.2 GW of operational wind, solar and hydropower assets in its portfolio. It also has over 7 GW under construction.

The TT&A team was led by partner Rahul Gulati.

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