Adani group firms plan to raise $2 bn from dollar bonds

Mumbai: Adani group is preparing to raise as much as $2 billion by selling dollar-denominated bonds as it seeks to refinance a bulk of its local debt and diversify its creditor base.

Adani group companies that are planning to sell dollar bonds include Adani Transmission Ltd, which is aiming to raise between $750 million and $1 billion, and its unit, Adani Electricity Mumbai Ltd, which is looking to raise as much as $500 million, said a person aware of the plans. The group’s renewable energy arm, Adani Green Energy Ltd is also in the process of raising up to $500 million through bonds, the person said.