Hanuman Wind Postpones Junk Bond Sale a Second Time as Parent Governance Concerns Sap Demand
Updated
Updated · Bloomberg · Jun 11
Hanuman Wind Postpones Junk Bond Sale a Second Time as Parent Governance Concerns Sap Demand
1 articles · Updated · Bloomberg · Jun 11
Summary
Hanuman Wind Power delayed its debut green junk bond again after failing to secure enough investor orders, marking a second postponement of the international offering.
June 10 brought an unusual one-day extension of the bookbuilding period, a sign the Hong Kong-based issuer was struggling to build demand before pulling the deal.
Part of the bond proceeds had been earmarked for parent Energy Absolute, whose governance troubles have clouded the sale and weighed on investor appetite.
The setback highlights how parent-level governance concerns can spill into offshore funding plans, complicating access to capital for renewable energy affiliates.