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Bond Market News
Adani Green Secures $250mn Funding
October 7, 2025
Adani Green Energy has secured a $250mn foreign currency loan from DBS Bank, DZ Bank, Rabobank, and Bank SinoPac, marking its first overseas borrowing since the US Department of Justice (DoJ) controversy. The five-year loan carries an interest rate of 8.2% and will be used to service existing debt. The company reported a 42% YoY rise in power sales and 45% growth in renewable capacity to 15.8 GW in 1Q25, maintaining its position as India’s largest renewable energy producer. Revenue and EBITDA each grew 31%, to INR 33.12bn ($370mn) and INR 31.08bn ($350mn) respectively. Separately, Adani Enterprises plans to raise $112.6mn through a private bond placement, its first since 2023, offering a semi-annual coupon of 8.7% on the 2.5Y note, with mutual funds expected to participate.
Its 6.7% 2042s notes traded stable at 98.6, yielding 6.9%.
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