{"id":466323,"date":"2022-02-05T09:31:14","date_gmt":"2022-02-05T04:01:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466323"},"modified":"2022-02-05T09:55:57","modified_gmt":"2022-02-05T04:25:57","slug":"adani-green-energy-arms-raise-rs-612-cr-for-debt-refinancing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-energy-arms-raise-rs-612-cr-for-debt-refinancing\/","title":{"rendered":"Adani Green Energy arms raise Rs 612 cr for debt refinancing"},"content":{"rendered":"<p>Three arms of Adani Green Energy Ltd (AGEL) have collectively raised Rs 612.30 crore through their maiden domestic bond issue on private placement basis for debt refinancing.<\/p>\n<p>According to a company statement, rated, listed, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, in multiple series, have an average annualized coupon rate of 7.83 per cent per annum (fixed) and a tenure up to 12 years.<\/p>\n<p>It said the proceeds from the NCDs (bonds) will be utilised to part-refinance existing rupee term loan bearing higher interest cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three arms of Adani Green Energy Ltd (AGEL) have collectively raised Rs 612.30 crore through their maiden domestic bond issue on private placement basis for debt refinancing. According to a company statement, rated, listed, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, in multiple series, have an average annualized coupon rate of 7.83 per cent per annum (fixed) and a tenure up to 12 years. It said the proceeds from the NCDs (bonds) will be utilised to part-refinance existing rupee term loan bearing higher interest cost.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-466323","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=466323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}