Ashurst advised the joint bookrunners, Barclays, Deutsche Bank, Investec, J.P. Morgan and Morgan Stanley in Greenko's US$1 billion green bond offering, Asia's largest corporate dollar green bond issuance to date. J.P. Morgan acted as the lead green structuring agent.

The seven-year dollar bond is split across two tranche maturities, comprising US$350 million of 4.875% senior notes due 2022 and US$650 million of 5.25% senior notes due 2024. The proceeds will be used to refinance Greenko's US$550 million dollar bond due 2019 and invest in various clean energy projects including the newly acquired solar assets from SunEdison India.

Backed by Singapore sovereign wealth fund GIC and the Abu Dhabi Investment Authority, Greenko is one of India's leading clean energy companies, with a total of 1.9 gigawatts of portfolio across wind, solar and hydro power. It acquired and integrated SunEdison’s India assets in 2016.

Ashurst also acted for the bookrunners in Greenko's last round of green bond offering in August 2016, which raised a principal amount of US$500 million.

The Ashurst team was led by Anna-Marie Slot, global head of high yield, assisted by partner David Nirenberg, counsel Natalia Sokolova, associates Deland Ji, Ashley Yueh, Elizabeth Friedman and trainee Jenny Liu.