REG - Greenko Group plc - Pricing of Senior Notes <Origin Href="QuoteRef">GKO.L</Origin> <Origin Href="QuoteRef">RBS.L</Origin>

NatwestAnnouncement

06/09/2014 20:35

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RNS Number : 3180N
Greenko Group plc
25 July 2014 
 
25 July 2014 
 
Greenko Group plc 
 
("Greenko" or "the Company") 
 
NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA OR IN
ANY OTHER JURISDICTION IN WHICH TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW
OR REGULATION 
 
Pricing of Senior Notes 
 
Greenko Group plc, the Indian developer, owner and operator of clean energy
projects, today announces the pricing of an offering by its subsidiary,
Greenko Dutch BV, of 8.00% Senior Notes due 2019 in an aggregate principal
amount of US$550.0 million.  The net proceeds of the offering will be used
primarily towards repaying the Group's existing indebtedness. 
 
Approval-in-principle has been received for the listing of the Notes on the
Singapore Exchange Securities Trading Limited (the "SGX-ST").  Admission of
the Notes to the SGX-ST is not to be taken as an indication of the merits of
the Issuer or the Notes. 
 
For further information please visit www.greenkogroup.com or call: 
 
 Greenko Group plcAnil Chalamalasetty/Mahesh Kolli/ Vasudeva Rao Kaipa  +44 (0)20 7920 3150  
                                                                                             
 Arden Partners plcRichard Day/Steve Douglas                            +44 (0)20 7614 5917  
                                                                                             
 Investec Bank plcJeremy Ellis / Gary Clarence                          +44 (0)20 7597 4000  
                                                                                             
 Tavistock CommunicationsMatt Ridsdale / Mike Bartlett/ Niall Walsh     +44 (0)20 7920 3150  
 
 
About Greenko 
 
Greenko is a mainstream participant in the growing Indian energy industry and
a market leading owner and operator of clean energy projects in India
utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas
and biomass assets. The Group is now focused on building new utility scale
wind farms and hydropower projects across India. Greenko intends to increase
the installed capacity it operates by winning concessions to develop and build
new greenfield assets, as well as making selective acquisitions which enhance
shareholder value. 
 
Greenko's portfolio is carefully planned and managed to ensure it offers
investors diversification and spreads its risk across a number of projects
that utilise various well-proven environmental technologies. The Company's
goal is to reach 1,000 MW of operational capacity in 2015 and approximately
2,000 MW in 2018. 
 
With a core belief in sustainability both operationally and environmentally,
Greenko endeavours to be a responsible business playing an important role in
the community beyond its role in the power generation industry. The Company
maintains a continuous involvement in localised projects and community
programmes which centre on education, health and wellbeing, environmental
stewardship and improving rural infrastructure. 
 
Greenko Group plc was admitted to trading on the AIM market of the London
Stock Exchange (LSE: GKO) in November 2007. 
 
Important Information 
 
The Notes are being offered in the United States to qualified institutional
buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended
(the "Securities Act") and outside of the United States pursuant to Regulation
S under the Securities Act.  The Notes have not been registered under the
Securities Act or applicable state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable state law. 
The Issuer does not intend to register any portion of the offering of the
Notes in the United States. Nothing in this announcement constitutes an offer
to buy, or a solicitation of an offer to sell, securities in the United States
or any other jurisdiction in which such offer or solicitation would be
unlawful. 
 
This announcement and the information referred to in it, is provided by way of
information only and is not an invitation or inducement to engage in any
investment activity. 
 
This announcement may contain forward-looking statements, which are based on
current expectations and projections about future events and include all
statements other than statements of historical facts, including, without
limitation, any statements preceded by, followed by or that include the words
"targets", "believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "should", "plans", "could", "seek to", "predicts",
"projects", "estimates", "foresees" or similar expressions or the negative
thereof. Any such forward-looking statements are based on a number of
assumptions about the operations of the Company and factors beyond the
Company's control and are subject to significant risks and uncertainties.
Accordingly, actual results may differ materially from those expressed or
implied by such forward-looking statements. These forward-looking statements
speak only as of the date of this announcement. The Company has no obligation
to update these forward-looking statements for events or circumstances that
occur subsequent to such dates. Given the aforementioned risks, uncertainties
and assumptions, you should not place undue reliance on these forward-looking
statements as a prediction of actual results or otherwise. 
 
This information is provided by RNS
The company news service from the London Stock Exchange