Adani Green Energy raises Rs 6123 cr from domestic bond market

6 Feb 2022 , 12:02 AM

Three subsidiaries of Adani Green Energy Adani Green Energy UP Prayatna Developers and Parampujya Solar Energy collectively housing 930 MW of operational solar power projects have raised Rs 61230 crore by their maiden domestic bond issuance on private placement basis The Rated Listed Secured Redeemable Non-Convertible Debentures NCDs of face value of Rs 1000000 each in multiple series have an average annualizedcoupon rate of 783Percentage pa fixed and a tenure upto ~12 years The proceeds from the NCDs will be utilised to part-refinance existing rupee term loan bearing higher interest cost The NCDs are rated AAStable by CRISIL Limited and AACEStable by India Ratings The NCDs will be listed on the Wholesale Debt market segment of BSE