India-headquartered Adani Green Energy is planning a bond issuance through its subsidiaries. The companies involved are Adani Hybrid Energy Jaisalmer One, Adani Hybrid Energy Jaisalmer Two, and Adani Solar Energy Jaisalmer One. This bond offer aims to refinance loans used for their solar-wind hybrid projects. The funds raised will support existing renewable energy developments in Rajasthan, India. The companies are arranging a series of investor conference calls starting November 18, aiming to raise US dollar benchmark-sized bonds with a 20-year tenure. The bonds, rated BBB- by Fitch and Baa3 by Moody’s, are secured against equity shares and assets. Joint bookrunners include DBS, Emirates NBD, and State Bank of India London branch.
Adani Green collaborates with DBS, NBD, SBI for solar-wind projects
The bonds, with a 20-year tenure, will be used to repay foreign currency loans for green projects. (Image Credit/Source:Pixabay/Pexels)
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