New Delhi: Adani TransmissionNSE -0.18 % on Thursday said its arm Adani Electricity Mumbai Ltd (AEML) has raised USD 1 billion (over Rs 7,000 crore) by issuance of dollar bonds.
The issuance saw strong global participation leading to final order book at over USD 5.9 billion with participation from across 245 accounts.
“Adani Group’s move in the dollar bond market has led to amplified interest for foreign investors in the Indian utility space. AEML…has completed issuance of USD 1 billion 3.949 per cent bonds with an over-subscription of 5.9x,” a statement said.
