New Delhi: Adani Green Energy on Monday announced a plan to ensure redemption of its $750 million bonds eight months ahead of their maturity, in an effort to boost investor confidence in the company’s financial health.
The Adani Group company had raised $750 million through issuance of NCDs (non-convertible debentures) which will mature in September this year.
“Adani Green Energy Limited (AGEL) today announced the redemption plan for the $750 million 4.375 notes due 09 September 2024 (Holdco Notes),” the company said in a statement.
