Adani Green Energy Bonds Oversubscribed as Group Sees Strong Demand for New Debt
• Adani group sees strong demand for first dollar bond since short-seller attack, raising $409 million • Bonds for Adani Green Energy oversubscribed, with nearly $3 billion in orders • Pricing tightened from initial guidance to 6.7% yield due to high investor interest • Demand came mainly from Asia, Middle East and Europe • Proceeds to repay $500 million notes maturing in June