Adani Green Energy secures financing for USD 750 million bonds before their maturity date.
On Monday, Adani Green Energy Ltd (AGEL) announced the successful completion of funding for the redemption of its USD 750 million bonds, accomplishing this goal eight months before their maturity.
On Monday, Adani Green Energy Ltd (AGEL) announced the successful funding completion for the redemption of over Rs 6,200 crore bonds, eight months before their maturity. The company raised this amount through the issuance of NCDs (non-convertible debentures) set to mature in September of this year.
"Adani Green Energy Limited (AGEL) has finalized the funding for the $750 million 4.375 notes due on September 9, 2024 (Holdco Notes) by receiving funds through the preferential allotment of Rs 9,350 crore ($1,125 million) to the promoters of AGEL," stated the company in an exchange filing.