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.
