India’s ReNew Energy to Secure $800 Million Refinancing Loan

Renew Energy Global Plc is set to secure an about $800 million foreign-currency loan, according to people familiar with the matter, in what would be India’s largest offshore financing so far this year.

Standard Chartered Bank Plc and Societe Generale SA are underwriting the loan, the proceeds of which will be used to refinance debt tied to an operational hybrid power project, the people said, asking not to be identified because details are private.