Adani Group is in advanced discussions to raise up to $1 billion through foreign currency bonds for three key entities: Adani Enterprises, Adani Ports and SEZ, and Adani Green Energy.
This fundraising initiative marks the largest international bond issuance by the Adani group since the Hindenburg crisis and is anticipated to be completed by the June quarter, with a formal process expected to commence shortly.
The group is also considering partial fundraising through private placements alongside the bond issuance.
Adani Green Energy is set to receive the highest allocation of funds, reflecting the company's ambitious renewable energy expansion plans, aiming to increase capacity from 8.4 gigawatts to 45 gigawatts by 2030.
Additionally, this fundraising venture will mark the debut fundraise for the group's Green Hydrogen unit, held under Adani Enterprises, from foreign bond markets.
Recent reports indicate that the Adani group has conducted overseas roadshows to enhance investor confidence ahead of the bond issuance.
Adani previously announced its intention to raise $409 million through dollar-denominated bonds to refinance existing debts, signaling a return to international bond markets post-Hindenburg crisis.
The group's outstanding debt in overseas bonds stands at approximately $9 billion, with maturities extending to 2041, as per corporate filings.
Notably, Asia-based investors hold the majority share of total bond borrowings at 34%, followed closely by US and Canada-based investors at 31%, with Europe and the Middle East accounting for 31% and 4%, respectively.
As of September 30, the Adani group's total assets amounted to ₹4.48 Lakh Crore, with the combined market capitalization of its 10 companies surpassing ₹16.22 Lakh Crore, more than doubling in the past year.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.