Three subsidiaries of Adani Green Energy Ltd (AGEL) – Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd, collectively housing 930 MW of operational solar power projects – have raised Rs 612.30 crore by their maiden domestic bond issuance, on private placement basis.
The rated, listed, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 each, in multiple series, have an average annualised coupon rate of 7.83% p.a. (fixed) and a tenure upto around 12 years, the company said in a statement.
Three arms of Adani Green Energy Ltd (AGEL) have collectively raised Rs 612.3 crore through their maiden domestic bond issue on private placement basis for debt refinancing. According to a company statement, rated, listed, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10 lakh each, in multiple series, have an average annualised coupon rate of 7.83