Adani Green returns for dollars with IG rating

Morgan Davis

October 04, 2019 08:45 am

solarpanels_PA_230x150 — (190322) -- ASWAN, March 22, 2019 (Xinhua) -- A man works in a TBEA solar power station in Egypt's southern province of Aswan, March 18, 2019. China's renewable energy company TBEA Sunoasis has finished the construction of three solar power stations at the Benban Solar Energy Park in Egypt's southern province of Aswan, a TBEA official said. TO GO WITH: China's renewable energy company completes construction of 3 plants in Egypt (Xinhua/Ahmed Gomaa) | Ahmed Gomaa/Xinhua News Agency/PA Images

Investors gobbled up Adani Green Energy’s rare Indian project-linked bond on Thursday, seizing the opportunity to buy non-Chinese paper. The company’s transaction was also helped along by its new investment grade rating.

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Deutsche Bank JP Morgan Credit Suisse Citi Barclays Corporate Bonds India Asia Standard Chartered South Asia Morgan Stanley Asia Pacific Emerging Markets SRI High grade and crossover bonds

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Morgan Davis

Deputy editor GlobalCapital Asia