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Adani group firm raises $1 billion via dollar bonds

Friday, February 7, 2020, 7:49 AM

Adani Transmission said its arm Adani Electricity Mumbai Ltd (AEML) has raised USD 1 billion (over Rs 7,000 crore) by issuance of dollar bonds. "Adani Group's move in the dollar bond market has led to amplified interest for foreign investors in the Indian utility space. AEML...has completed issuance of USD 1 billion 3.949 per cent bonds with an over-subscription of 5.9x," a statement said.