Adani Green Energy Ltd, the renewable energy division of the Adani Group, is considering a private placement strategy for a portion of its long-term debt financing.
The decision to pursue this strategy comes after the successful raising of $409 million through a dollar bond offering in March 2024. This marked the company's return to the dollar bond market following the Hindenburg incident in January 2023.
The planned $1.2 billion bond offering, which aims to refinance loans for solar and wind projects with 20-year bonds, has been postponed due to some investors choosing to wait for the results of the upcoming U.S. presidential election on November 5. Adani Green is expected to reassess its position in the bond market in December.