Adani Green Energy raises $362.5 mn via dollar bonds

Mumbai: Adani Group’s renewable energy arm – Adani Green Energy Ltd – on Friday said that it has raised $362.5 million through a dollar bond issuance.

The dollar bonds, which have a maturity of 20 years, bear an interest rate of 4.625%, the company said in an exchange filing.

The proceeds raised through the bond issuance will be used explicitly for three subsidiaries of Adani Green – Wardha Solar (Maharashtra) Pvt Ltd, Kodangal Solar Park Pvt Ltd and Adani Renewable Energy (RJ) Ltd.