India New Issue-Clean Max Enviro to issue debut green bonds, bankers say

Clean Max Enviro Energy Solutions

23/09/2026 09:12

MUMBAI, Sept 23 (Reuters) - India's Clean Max Enviro Energy Solutions CLEM.NS plans to raise 25 billion Indian rupees  ($261.25 million) through sale of debut green bonds, three merchant bankers said on Wednesday. 
India's largest renewable energy company, plans to issue bonds with two-year, three-year, five-year and two tranches of 10-year maturities, and the coupons would be payable on a quarterly basis.
The company has invited bids from bankers and investors on Thursday and investors will have a prepayment option if the bonds are downgraded by three notches or more.
It did not reply to a Reuters email seeking comment. 


  Here is the list of deals reported so far on September 23: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Clean Max Enviro 
2 years
8.25
2
September 24
AA (Crisil)
Clean Max Enviro 
3 years
8.4850
4
September 24
AA (Crisil)
Clean Max Enviro 
5 years
8.7650
8.07
September 24
AA (Crisil)
Clean Max Enviro 
10 years
8.7650
6.15
September 24
AA (Crisil)
Clean Max Enviro 
10 years
8.7650
4.78
September 24
AA (Crisil)

*Size includes base plus greenshoe for some issues



($1 = 95.6925 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
 ((Dharamraj.dhutia@tr.com))