AESL’s unit raises USD 500 million through 15-year private bond deal

Reportedly, Adani Energy Solutions Limited (AESL) unit has raised about USD 500 million through privately placed 15-year bonds with funds managed by Apollo Global Management.

The proceeds from the transaction will be used to refinance existing dollar-denominated debt. The bonds carry a rupee-equivalent all-inclusive cost of about 8.5 per cent and reflect the group’s continued use of alternative financing channels outside the public dollar bond market.