Adani Enterprises
will hit the bond markets next week, looking to raise ₹1,000 crore
rupees ($111.16 million) via a public bond issue, two merchant
bankers said on Friday.
The planned fundraising also includes ₹500 crore in a
greenshoe option, the bankers said, which firms typically
exercise when pricing is favourable.
The Adani Group’s flagship firm will issue bonds with two-,
three- and five-year maturities, with 35 per cent earmarked for retail
investors, according to the bankers, who declining to be
identified as they are not authorised to speak to the media.
The company will pay an annual coupon of 8.60 per cent, 8.75 per cent and
8.90 per cent to investors in two- , three- and five-year notes,
respectively. The bonds will also have an option of paying
coupons on a quarterly basis or cumulative basis.
An email sent to Adani Enterprises was not immediately
answered.
The issue has been rated AA- by CARE Ratings and ICRA and is
slated to open on January 6 and close on January 19, one of the
bankers said.
The proposed sale would be the company’s third public bond
offering.
Adani Enterprises last raised ₹1,000 crore via a public
bond issue in July 2025 across two- , three- and five-year
tranches after its first public debt issue in September 2024.
Nuvama Wealth Management, Trust Investment Advisors and
Tipsons Consultancy Services are arrangers for the issue, the
bankers added.
Emails send to the arrangers were not immediately answered.
($1 = ₹89.9610)