IFC supports India’s Continuum in first green bond offering in Singapore

Continuum Green Energy, an Indian renewable energy developer, has tapped the International Finance Corporation to anchor its first green bond.

IFC has subscribed to 10% of the company's bond, which listed on the Singapore stock exchange on 10 February. The offering raised $561 million and was heavily oversubscribed. Proceeds will primarily be used to refinance existing debt.

Continuum is one of the largest providers of renewable power to corporates in the commercial and industrial sectors in India, with roughly 2GW of wind and solar projects across the country. The company is majority-owned by a $4 billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners.