Adani reissues dollar bond following previous deal’s delay
Billionaire Gautam Adani’s conglomerate initiated a dollar bond sale this Wednesday, proceeding after a previous postponement last month that stemmed from investor apprehensions regarding the pricing. The entity within the spotlight of this financial move is Adani Green Energy Ltd., a key player in the group’s clean-energy sector. This venture is partaking in the marketing of a $600 million note with a 20-year maturity period. This financial strategy underscores the company’s ongoing efforts to bolster its investment in sustainable and renewable energy resources, aligning with global shifts towards environmental consciousness. This bond issuance is pivotal for the conglomerate as it seeks to expand its footprint in the renewable energy market while also appealing to global investors focused on green energy solutions.
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