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Adani Green Energy Raises Nearly $82 Million for Debt Refinancing

Adani Green Energy (ADANIGREEN, BOM:541450), through its three subsidiaries, raised 6.12 billion Indian rupees ($81.9 million) via domestic bond offering on a private placemen basis.

Adani Green Energy (UP), Prayatna Developers and Parampujya Solar Energy issued rated, listed, secured, redeemable nonconvertible bonds of face value of 1 million each in multiple series.

The bonds bear an average interest rate of 7.83% per annum and will mature in 12 years, according to a Friday release.

The renewable energy company plans to use the proceeds to partly refinance its existing term loan carrying higher interest cost.

Price (INR): ₹1940.40, Change: ₹+27.85, Percent Change: +1.46%

Source: 14:50Feb 04, 2022MT Newswires

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