Adani Green raises USD 750 mn via issuance of green bond
This issuance establishes AGEL as India's leading credit in the renewable
sector with a robust and well defined capital management plan. The funds shall be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL. Under the structure, AGEL can draw upto USD 1,700 million (including the present issuance) over the course of time subject to the covenants of the structure. The notes were rated Ba3 (Stable) by Moodys.