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Published 14:37 IST, September 5th 2024
Adani Group to raise at least $1.5 bln via dollar bonds
The bonds would mainly be issued under Adani Green Energy and Adani Energy Solutions.
- Companies
- 1 min read
India's Adani Group is in talks with more than 10 global banks to raise at least $1.5 billion through dollar bond sales, Bloomberg News reported on Thursday, citing people familiar with the plans.
The bonds would mainly be issued under Adani Green Energy and Adani Energy Solutions - renewable energy and power transmission units of the group - and through special purpose vehicles, the report said.
The ports-to-power conglomerate will complete the sales in multiple parts by end of February next year and proceeds will be used to refinance debt, the report added.
Talks are ongoing with banks in Japan, Europe and the Middle East, the Bloomberg report said, but did not sepcify any names.
The billionaire Gautam Adani-led group did not immediately respond to a Reuters request for comment.
Updated 14:37 IST, September 5th 2024