The award was presented at a ceremony held last night at the Conrad Hong Kong. GuarantCo accepted the award alongside Aseem Infra Finance, which was integral to the delivery of the KPI Green Energy transaction as a keystone investor.
The annual Achievement Awards recognise excellence in issuers, banks, investors and other market participants that are helping develop, utilise and expand Asia Pacific’s fast-growing capital markets.
The KPI Green Energy transaction, which financially closed in September 2025, was groundbreaking as India’s first externally credit enhanced green bond issuance. GuarantCo provided a partial guarantee of c. USD 76.5 million to enable the issuance from the renewable energy developer and operator. It was noteworthy in a bond market dominated by larger private firms and state-backed entities.
The proceeds of the bond will help KPI Green expand its solar, wind and hybrid power portfolio capacity across the states of Gujarat. The project will provide c. 210,000 people with improved access to clean electricity, while being forecast to avoid more than 344,000 tCO2e.
Nishant Kumar, Managing Director of Asia Investments at GuarantCo and Head of Coverage – Asia at PIDG, said:
“We are delighted to have been formally recognised for the transaction with KPI Green Energy that will support systematic growth in India’s debt capital markets. GuarantCo, part of the Private Infrastructure Development Group, is at the forefront of market innovation and creating replicable structures. We hope this deal inspires the unlocking of domestic institutional capital for financing sustainable infrastructure in India.”
