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