Adani Green Energy in talks to raise $1-B in offshore debt

Ahmedabad-headquartered Adani Green Energy is in talks to raise $1-B through offshore borrowing. This transaction marks the company’s first international fundraising effort following the resolution of legal proceedings in the US. The facility is expected to have a five-year tenure and be priced over the Secured Overnight Financing Rate (SOFR).Adani Green Energy focuses on renewable power projects. The company plans to use the anticipated funds for capital expenditure.