What is Adani Power's largest bond issuance plan?

Adani Power plans to raise up to 75 billion rupees ($820 million) in its largest local-currency bond issuance ever.

How will Adani Power use the funds from its bond sale?

The funds will be used for capital expenditure, working capital, and repayment or prepayment of existing debt.

When was Adani Power's last bond issuance?

Adani Power's last bond issuance was nearly nine years ago.

Home / Business and Economy / Adani Power Eyes Record Bond Sale

Adani Power Eyes Record Bond Sale

22 Jan

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Summary

Adani Power plans to raise 75 billion rupees via bond issuance.
The issuance marks the company's largest ever local-currency bond sale.
Proceeds will fund capital expenditure, working capital, and debt repayment.

Adani Power Ltd. is planning a substantial bond offering, seeking to raise up to 75 billion rupees ($820 million) in local-currency notes. This potential issuance represents the company's largest bond sale to date.

The company is inviting bids for notes with maturities ranging from two to five years. The bonds are expected to offer coupons between 8% and 8.40%, with interest payable quarterly.

These proceeds are designated for capital expenditure, supporting working capital, and managing existing debt through repayment or prepayment. This move could invigorate India's corporate bond market, which has experienced a slow start to the year.