Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds

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Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds - Business Standard

Quick Summary:

Covenants are terms and conditions attached to the bond, typically financial metrics the company must maintain to retain the borrowing at the agreed rate of interest.

Adani Green Energy did not immediately respond to a Reuters request for comment.

The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of anonymity as they are not authorised to speak to the media."The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows," one of the bankers said.