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Adani Enterprises to launch Rs 1,000 crore NCD issue next week with interest of up to 8.9%

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Adani Enterprises to launch Rs 1,000 crore NCD issue next week with interest of up to 8.9%

Business

Economic Times•Jan 2

Adani Enterprises to launch Rs 1,000 crore NCD issue next week with interest of up to 8.9%

Adani Enterprises is set to raise 10 billion rupees through a public bond issue next week, with an additional 5 billion rupees greenshoe option. The company will offer two-, three-, and five-year maturities with annual coupons ranging from 8.60% to 8.90%. The issue, rated AA- by CARE Ratings and ICRA, opens on January 6 and closes on January 19.