Adani Green Energy first to issue $500 million green bonds on India INX

Adani Green Energy Limited (AGEL), through its three subsidiaries, has issued and listed green bonds raising $500 million. This is the first issuance by a private non-banking company on the Global Securities Market (GSM). The company raised $500 million at a coupon of 6.25 per cent in the overseas debt sale. The bonds have been rated BB+ by Standard & Poor’s and Fitch. GSM is the exclusive green listing and trading platform of the Bombay Stock Exchange’s international arm, India International Exchange (India INX), for fundraising and trading exclusively in green, social and sustainable bonds.