BUZZ-Azure Power Global: Dim debut
** India-focused solar power producer Azure Power Global sinks in weak debut
** Stock opens over 10 pct below issue and continued to fall. At $15.20 session low, co valued at roughly $360 mln
** Azure prices 3.4 mln shares (2.2 mln sold by co) at $18, well below $21-$23 filed range
** Azure also selling $75 mln of equity shares at IPO price to Canadian pension fund Caisse de depot et placement du Quebec in concurrent private placement
** According to the IPO prospectus, AZRE currently has 357MW of productive capacity across 24 facilities; also constructing 12 projects, totaling 390MW of productive capacity with another 258MW committed
** Barclays and Credit Suisse acted as joint bookrunners
© Thomson Reuters 2017 All rights reserved.