India New Issue-Adani Energy Solutions unit accepts bids for bond issue, bankers say

Adani Energy Solutions

01/07/2025 11:52

MUMBAI, July 1 (Reuters) - India's Lakadia Banaskantha Transco, a special purpose vehicle wholly owned by Adani Energy Solutions ADAI.NS, has accepted bids worth 5.79 billion rupees ($67.8 million) for the sale of multiple maturity longer-duration bonds, three bankers said on Tuesday.

The company issued bonds maturing in 17 years and 9 months and in 19 years and 3 months, and had invited bids for the issues earlier in the day, they said.

The first option has a put/call option at the end of five years and every year thereafter.

Adani Energy Solutions did not reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on July 1:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Lakadia Banaskantha Transco
17 years and 9 months
7.70 (quarterly)
4.79
July 1
AAA (Crisil, Icra)
Lakadia Banaskantha Transco
19 years and 3 months
7.84 (quarterly)
1
July 1
AAA (Crisil, Icra)
WRSS XXI (A) Transco
17 years and 9 months
To be decided
5.32
July 7
AAA (Icra)
WRSS XXI (A) Transco
19 years and 3 months
To be decided
1
July 7
AAA (Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.4470 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))