We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.

Adani Energy Solutions Ltd. refinanced its 4% 2026s using $500mn in proceeds from a private placement. It raised funds through a bond placed with Apollo Global Management Inc., which was priced at 6.117% in dollar terms but costs over 8.5% in rupee terms after accounting for foreign exchange fluctuations. This marks the conglomerate’s third private bond issuance in roughly a year. The transaction underscores the Adani Group’s broader push to diversify its funding channels following the SEC’s case against founder Gautam Adani, which has constrained the group’s access to public dollar bond markets.
Adani’s 6.7% 2042s was stable at 96.6, yielding 7.1%
For more details, click here