{"id":627284,"date":"2024-01-09T10:25:29","date_gmt":"2024-01-09T04:55:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627284"},"modified":"2024-01-09T11:18:02","modified_gmt":"2024-01-09T05:48:02","slug":"adani-green-to-redeem-750-mn-bonds-8-months-ahead-of-maturity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-to-redeem-750-mn-bonds-8-months-ahead-of-maturity\/","title":{"rendered":"Adani Green to redeem $750-mn bonds 8 months ahead of maturity"},"content":{"rendered":"<p>Adani Green Energy (AGEL), the renewable energy arm of Adani group, on Monday announced plans to fully redeem bonds worth $750 million due in September, eight months ahead of their maturity date. <\/p>\n<p>The firm intends to redeem 4.375% holdco (holding company) bond, due on September 9, 2024. Underpinning the repayment is the equity capital raising of $1.425 billion (includes $1.125 billion of preferential issuance by promoters and $300 million from TotalEnergies JV), AGEL said in a regulatory update. <\/p>\n<p>The firm will pay $169 million from reserves and internal accruals (including debt service reserve account, hedge reserves and interest on reserve account) and another $300 million from an earlier announced joint venture with French petroleum major TotalEnergies SE, AGEL said in a regulatory update.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Green Energy (AGEL), the renewable energy arm of Adani group, on Monday announced plans to fully redeem bonds worth $750 million due in September, eight months ahead of their maturity date. The firm intends to redeem 4.375% holdco (holding company) bond, due on September 9, 2024. Underpinning the repayment is the equity capital raising of $1.425 billion (includes $1.125 billion of preferential issuance by promoters and $300 million from TotalEnergies JV), AGEL said in a regulatory update. The firm will pay $169 million from reserves and internal accruals (including debt service reserve account, hedge reserves and interest on reserve [&hellip;]<\/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":[130,240,138],"tags":[],"class_list":["post-627284","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627284","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=627284"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627284\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}