EBENE, Mauritius, Sept. 17, 2019 /PRNewswire/ -- Azure Power Solar Energy Private Limited, a wholly owned subsidiary of Azure Power Global Limited (NYSE: AZRE ), a leading independent solar power producer in India, will issue a US$350,101,000 green bond offering, maturing in 2024 (the "Bond") with an expected US Dollar coupon of 5.65%. The Bond has been certified by Climate Bonds Initiative as a Green Bond and is the second solar Green Bond to be offered by the Company. The Company expects to primarily use the proceeds to refinance existing indebtedness. The Bond is offered to eligible yield investors who have a specific mandate or portfolio for buying green bonds, and in each case who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 (the "Securities Act") or offshore the United States in accordance with Regulation S under the Securities Act.