Adani tests water for Indian issuers with PP launch

India flag resized 230px
By Silas Brown
19 Sep 2019

Adani Transmission, the Indian power transmission firm, has launched a US private placement, according to several market participants, in a debut set to test institutional investors’ appetite for Indian risk.

Bank of America Merrill Lynch and Barclays are arranging the transaction, and have already held roadshows for the Baa3/BBB-/BBB- rated borrower, according to several market sources. According to two sources, Adani is looking for roughly $300m-$350m, and had initially been interested in maturities up to 30 years.

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.