Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Adani Green Energy raises $250-M in first offshore loan since probe in the US
Adani Green Energy Ltd has raised an offshore loan of about USD 250 million from a consortium of global lenders. The financing group comprises DBS Bank Ltd, DZ Bank, Rabobank, and Bank SinoPac Co Ltd. The funds will be used to refinance existing debt. This transaction represents the first foreign currency loan for Adani Green Energy since an indictment by the US Department of Justice. The loan has a tenor of over five years and features an interest rate of approximately 8.20%. Earlier, in March, Adani Green refinanced a construction-linked loan amounting to INR 9,261 crore (USD 1 billion) with Power Finance Corporation Ltd.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.