Adani Energy Solutions likely to raise $500 mn through private placement of bonds
Adani Energy Solutions, formerly known as Adani Transmission, is considering raising approximately $400-500 million through a private placement of bonds.
Source: Republic
Sources familiar with the matter stated that the deal is anticipated to be finalised within the next three months.
Source: Pixabay
Adani Energy Solutions intends to issue long-term bonds maturing in 20–30 years but has yet to finalise the terms of the offering.
Source: Adani Green Energy
This would mark the second dollar-bond offering by an Adani Group company in 2024.
Source: Gautam Adani
The group had to repurchase $315 million of listed overseas debt securities and withdraw from the foreign currency bond market.
Source: Facebook Photo
Adani Group also mentioned an improvement in its cash position and expressed confidence in its ability to manage refinancing.