Adani unit raises $300 mn via SLBs1 min read . Updated: 23 Jul 2021, 10:48 PM IST
- The bond offering saw the largest order-book oversubscription ever for a 10-year ESG bond issuance in Asia (ex-Japan) and that this is the first Sustainability Linked Bond (SLB) issuance from an Indian utility
Mumbai: Adani Transmission Ltd’s distribution arm Adani Electricity Mumbai Ltd (AEML) has raised $300 million in sustainability-linked bonds (SLBs) as part of its $2 billion Global Medium-Term Notes programme (GMTN), the firm said on Friday. The order book for the $300 million takedown was oversubscribed by 9.2x by global investors.
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