Adani Green Energy, the solar power arm of Adani Enterprises has issued green bonds worth $500 million through its three subsidiaries on the Global Securities Market (GSM). GSM is the exclusive green listing and trading platform of BSE’s international arm, India International Exchange (India INX), for fund raising and trading exclusively in green, social and sustainable bonds.
Adani Green Energy is one of the India’s largest private sector solar power developers and operators with an operational capacity of close to 2 Gw. It raised $500 million at a coupon of 6.25 per cent in an overseas debt sale that was oversubscribed three times. About 77 per cent and 19 per cent were distributed to Fund Managers and Insurers & Pension, respectively, said a media statement issued by India INX.
