Adani Green Energy likely to tap US dollar bond market

Adani Green is likely to use some of the proceeds from the proposed bond issue to refinance existing debt that will mature this year. — Reuters

MUMBAI: India’s Adani Green Energy is likely to raise US$500mil by issuing US dollar bonds in March, two officials aware of the plans say, making it the first Adani group company to return to the overseas bond market in a year.

“The company is doing the groundwork and talking to investors to get a sense on pricing,” said a foreign banker, who is a part of the discussions.