GKO Greenko

TIDMGKO

RNS Number : 1411O

Greenko Group plc

04 August 2014

4 August 2014

Greenko Group plc

("Greenko" or "the Company")

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW OR REGULATION

Closing of Senior Notes Offering

Greenko Group plc, the Indian developer, owner and operator of clean energy projects, today announces the completion of an offering by its subsidiary, Greenko Dutch BV, of 8.00% Senior Notes due 2019 in an aggregate principal amount of US$550.0 million. The net proceeds of the offering will be used primarily towards repaying the Group's existing indebtedness.

Mr. Anil Chalamalasetty, Chief Executive and Managing Director of Greenko Group plc, said "We are delighted with the strong international response to our bond offering. The quality of our operational assets has enabled the Company to access the larger debt markets at better costs, allowing us further scope as well to project finance our clean energy assets. As Greenko builds on its predictable and phased roll outs, we are able to enhance our business and financial efficiencies across all forms."

Approval-in-principle has been received for the listing of the Notes on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Admission of the Notes to the SGX-ST is not to be taken as an indication of the merits of the Issuer or the Notes.

For further information please visit www.greenkogroup.com or call:

 
     Greenko Group plc 
      Anil Chalamalasetty/Mahesh Kolli/ Vasudeva 
      Rao Kaipa                                         +44 (0)20 7920 3150 
 
     Arden Partners plc 
      Richard Day/Steve Douglas                         +44 (0)20 7614 5917 
 
     Investec Bank plc 
      Jeremy Ellis / Gary Clarence                      +44 (0)20 7597 4000 
 
     Tavistock Communications 
      Matt Ridsdale / Mike Bartlett/ Niall Walsh        +44 (0)20 7920 3150 
 

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and hydropower projects across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.

Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.

With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.

Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.

Important Information

The Notes are being offered in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act") and outside of the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state law. The Issuer does not intend to register any portion of the offering of the Notes in the United States. Nothing in this announcement constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful.

This announcement and the information referred to in it is provided by way of record and for information only. It is not an invitation or inducement to engage in any investment activity.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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