Adani gets commitment for $800 million debt facility
"Adani group has a standing credit facility from a group of banks, which can be used for infrastructure projects, and they can firm up the term sheet in the next five days," the first source said.
By Shilpy Sinha, ET Bureau | Updated:
Agencies
Mumbai: The Adani Group has received firm commitment for $800m debt facility, which will be used to refinance the Adani Green Energy's $750 million 4.375% bond due in September 2024 and can finalise the term sheet in next five days, the management informed investors, said two fixed income investors who attended the roadshow.
This week Adani Group's chief financial officer Jugeshinder Singh and head of group corporate finance Anupam Misra are meeting fixed income investors in Singapore and Hong Kong to update them about fundraise plans across businesses.
"Adani group has a standing credit facility from a group of banks, which can be used for infrastructure projects, and they can firm up the term sheet in the next five days," the first source said.
This week Adani Group's chief financial officer Jugeshinder Singh and head of group corporate finance Anupam Misra are meeting fixed income investors in Singapore and Hong Kong to update them about fundraise plans across businesses.
"Adani group has a standing credit facility from a group of banks, which can be used for infrastructure projects, and they can firm up the term sheet in the next five days," the first source said.
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