Adani Green Energy Limited (AGEL) is planning to raise $410 million through a new bond issuance to refinance a dollar bond set to mature in about a year. The refinancing initiative is intended for AGEL’s $500 million bond due on December 10, 2024, meeting the requirements laid out in the terms of the note. The filing marks the second such announcement in recent days by the Adani Group’s solar energy unit, outlining plans to refinance maturing dollar debt, following a similar strategy for repaying a $750 million bond due in September 2024.
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