India’s RE outfit SAEL plans maiden dollar bond sale

The company is in talks with a group of foreign banks to arrange the bond sale, seeking a tenor in the range of five to seven years. — Bloomberg

MUMBAI: Indian renewable energy (RE) firm SAEL Ltd is planning an inaugural dollar bond sale targeting up to US$500mil, according to people familiar with the matter.

This exercise joins other borrowers to fuel Asia’s hottest high-yield market in five years.