Adani Enterprises to Launch ₹10 Billion Public Bond Issue Next Week

Adani Enterprises, the flagship firm of India’s Adani Group, is set to return to the bond market next week with a public issue aimed at raising up to 10 billion rupees, according to two merchant bankers. The offering also includes a greenshoe option of an additional 5 billion rupees, which may be exercised if demand and pricing conditions are favourable.

The company will issue bonds with maturities of two, three and five years, offering annual coupons of 8.60%, 8.75% and 8.90% respectively. Investors will have the option to receive interest on a quarterly or cumulative basis, with around 35% of the issue reserved for retail investors. The bonds have been rated AA- by CARE Ratings and ICRA and are scheduled to open on January 6 and close on January 19.

This will be Adani Enterprises’ third public bond offering, following a 10 billion rupee issue in July 2025 and its inaugural public debt sale in September 2024. Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services are acting as arrangers for the issue, the bankers said.

Pic courtesy: google/ images are subject to copyright