Adani Green Energy Completes Funding Of Reserves For Usd 750 Million Holdco Bond
New Delhi: Adani Green Energy Limited has completed the funding for the USD 750 million 4.375 notes due 09 September 2024 with the receipt of the funds under the preferential allotment of Rs 9,350 Cr to the promoters of AGEL.
With the above, the entire bond redemptions are fully set aside in the respective accounts by way of term fixed deposits which can be utilised only for the redemption of the Holdco Notes.
The Adani Group said in the release that underpinning the repayment was the successful equity capital raise program of USD 1.425 billion (includes USD 1.125 billion of preferential issuance by promoters and USD 300 million from TotalEnergies JV), reflecting the deep interest of long-term investors, strategic partners, coupled with unwavering promoter commitment to meet AGEL’s strategic priorities of achieving its target of 45 GW by 2030.
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