Resus Energy to raise Rs. 1 b via Green Bonds

Friday, 20 June 2025 00:00 - - {{hitsCtrl.values.hits}}

Resus Energy PLC aims to raise Rs. 1 billion via the issuance of Green Bonds.

It will issue up to 10 million listed, rated, unsecured, senior, redeemable Green Bonds at Rs. 100 each to raise Rs. 1 billion.

The issue is of two types of Green Bonds. Type A is of a four-year tenor, paying a coupon rate of 11.55% per annum payable annually (AER of 11.55), and Type B is of a five-year tenor offering 11.75% per annum payable annually (AER 11.75%).

The official opening date of the issue is 25 June, but the Green Bonds can be subscribed from now on.

This week Resus Energy announced it recently connected a 5.0MW ground-mounted solar photovoltaic (PV) power plant to the national grid. Built at a cost of over Rs. 750 million with state-of-the-art equipment encompassing tier-1 solar PV panels and top-of-the-range auxiliary equipment, the plant is expected to generate about 10 million units of electricity (10 GWh) annually.