Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.