ADANIENT

Adani Enterprises to launch public bond issue next week: Report

The planned fundraising also includes Rs 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% 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%, 8.75% and 8.90% to investors in two-year, three-year and five-year notes respectively. The bonds will also have an option of paying coupons on a quarterly basis or cumulative basis. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24