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Adani Transmission announces private placement of USD Notes

Our Bureau Mumbai | Updated on February 04, 2020 Published on February 04, 2020

Adani Transmission Ltd (ATL) has announced its private placement of US Dollar notes amounting to $310 million.

This USD denominated notes will be raised by six wholly-owned subsidiaries of ATL, the company said in a filing to the exchanges. With this recent placement round, ATL has a 10 year, 17 year and 10 year coupon paper in the market. “The funds will enable us to expand our network in the transmission and distribution sector and in addition also scale up the electrification infrastructure," said Anil Sardana, MD & CEO, Adani Transmission.

Barclays and Bank of America acted as the financial advisors.

Published on February 04, 2020
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