Debt

Debt financing

Adani Energy’s arm raises $500-M from Apollo Global through USD bonds

Mint   Adani Transmission Step-One Ltd   Adani Energy Solutions Ltd  

Adani Transmission Step-One Ltd (ATSOL), a wholly-owned subsidiary of Adani Energy Solutions Ltd, has raised USD 500 million through USD-denominated bonds, privately placed with Apollo Global Management.Adani Energy Solutions Ltd (AESL), formerly Adani Transmission Ltd, is the largest private-sector power transmission and distribution company in India, managing high-voltage power lines across 16 states.The capital will be used by ATSOL to refinance USD 500 million of its existing bonds, which were issued in 2016 with a 4% coupon and are scheduled to mature in early August.