Adani Green Seeks $400M Offshore Loan for Renewable Project
- Adani Green Energy secures $400 million offshore loan for renewable project, backed by top lenders. Investor confidence grows as Adani Group rebounds from past scrutiny. India's clean energy push drives bond demand.
Adani Green Energy Ltd. is in talks to raise $400 million through an offshore loan for an upcoming renewable project. The loan could range from seven to ten years, with pricing likely linked to the Secured Overnight Financing Rate. Lenders include Mitsubishi, Standard Chartered, and Sumitomo.
The Adani Group, targeted by US shortseller Hindenburg Research last year, is regaining investor confidence. The conglomerate recently drew seven times the deal size in orders for its first dollar-denominated public bond sale since the crisis. India's focus on infrastructure, likely to continue if Prime Minister Narendra Modi is re-elected, may increase bond supply from the sector. The nation plans to triple its clean energy capacity by the end of the decade, investing $30 billion in transmission lines to connect green power to the grid.
Is Adani Green Energy Ltd. regaining investor confidence with $400 million offshore loan?
- Adani Green Energy Ltd. is in talks to raise $400 million through an offshore loan for an upcoming renewable project
- The loan could range from seven to ten years, with pricing likely linked to the Secured Overnight Financing Rate
- Lenders for the loan include Mitsubishi, Standard Chartered, and Sumitomo
- The Adani Group, targeted by US shortseller Hindenburg Research last year, is regaining investor confidence
- The conglomerate recently drew seven times the deal size in orders for its first dollar-denominated public bond sale since the crisis
- India's focus on infrastructure, likely to continue if Prime Minister Narendra Modi is re-elected, may increase bond supply from the sector
- The nation plans to triple its clean energy capacity by the end of the decade, investing $30 billion in transmission lines to connect green power to the grid.