New Delhi, Jan. 22 -- Nasdaq-listed ReNew Energy Global Plc has raised $600 million worth of bonds at a coupon rate of 6.5% for a tenure of five years, two people aware of the development said.

The rate is 1.4% lower than its previous bond issue of $525 million which it had raised in 2023 for a tenure of three years.

The bond raise comes in the backdrop of ReNew's delisting plan from Nasdaq collapsing with UAE's Masdar withdrawing its $1 billion cash offer in December and pulling out of the investor consortium that had proposed to take ReNew private.

The renewable energy company has raised the debt through the International Financial Services Centre at GIFT City, Gujarat.

"This is the first dollar-denominated bond issue carried out at...