The Adani Group is reportedly thinking of issuing an additional $1.2 billion worth of bonds in US dollars by June, as part of their plan to raise at least $2 billion this year.
Bloomberg reported that Adani Green Energy, the group’s renewable energy subsidiary, and its related companies intend to use the funds to refinance existing loans.
The company is currently in talks with arrangers and bankers about the planned transaction and aims to complete the issuance within four months.
