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Adani Enterprises Bonds Oversubscribed
6 Jan
Summary
- Adani Enterprises' bond offering was oversubscribed on its launch day.
- The company aimed to raise 10 billion rupees through a sale of bonds.
- Corporate investors led demand, oversubscribing their portion more than 4 times.
Adani Enterprises' third public bond offering has experienced robust demand, exceeding its target on the day of launch. The flagship company of the Adani group aimed to raise 10 billion rupees by issuing two-, three-, and five-year bonds.
Investor interest surged, with bids reaching more than double the issue size by mid-afternoon. Corporates spearheaded this demand, oversubscribing their allocated portion by over four times. High-net-worth individuals and retail investors also showed significant interest, bidding more than 1.4 and 1.5 times their respective allocations.
The bond sale, which opened for subscription on January 6, 2026, is expected to close before its original January 19 closing date. Adani Enterprises will provide annual coupon rates of 8.60% for two-year notes, 8.75% for three-year notes, and 8.90% for five-year notes, with options for quarterly or cumulative coupon payments.
