InvestorQ : Can you tell me about the Green Bonds used by Adani Green Energy to raise funds?
sara Kunju made post

Can you tell me about the Green Bonds used by Adani Green Energy to raise funds?

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Mary Joseph answered.
3 months ago
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Green Bonds are bonds that are raised with the specific intent of using the funds for renewable energy or similar non-fossil fuel purposes. Adani Green Energy, the alternate energy company belonging to the Adani Group, has just raised $750 million via the issue of green bonds. The green bond issue was priced at a coupon rate of 4.375% and the demand was robust as it elicited bids worth 4.7 times the originally intended size.

As is the condition with Green Bonds, Adani Green will be using these funds for capital expenditure in its various renewable projects. The notes issued by Adani Green have been rated Ba3, meaning Stable, by Moody’s. With this latest fund raising in place, Adani Green has a fully-funded equity and debt program for its expansion drive. Adani Green has plans to achieve 25 GW by 2025 and to become the world’s largest renewable company by 2030.

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