Adani Green Energy to repay $750-million bonds on due date

Adani Green Energy (AGEL), the renewable energy arm of Adani Group, has proposed to repay $750 million bonds on its due date itself. The payment of the secure senior notes, with a coupon rate of 4.375%, is due on September 8, 2024.

The company has asked the underwriters of the bond to provide a funding letter for $675 million and will use equity transaction proceeds to build up the repayment sum, AGEL said in a filing with Singapore Stock Exchange.