Renewable energy solutions provider Clean Max Enviro Energy on Monday said that it has raised Rs 2,500 crore through the issuance of green debt securities on a private placement basis.
The non-convertible debenture (NCD) issuance was structured across five series with maturities between 2 years and 10 years and coupon rates ranging from 8.25 per cent to 8.76 per cent under a fixed rate structure, attracting wide participation from international and domestic investors, the company said in a statement.
The issue follows an AA/stable rating by Crisil assigned in September to CleanMax’s corporate credit and its NCD programme, the company stated.
Issued under CleanMax’s green bond framework, the bonds are backed by a defined green-use-of-proceeds framework, allocated for large-scale renewable energy projects.
The framework has been independently reviewed by CareEdge Advisory for alignment with applicable SEBI regulations and the ICMA Green Bond Principles, 2025. This was raised through
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