India New Issue-Adani Energy Solutions unit to issue multiple-tenor bonds, bankers say

Adani Energy Solutions

01/07/2025 04:14

MUMBAI, July 1 (Reuters) - India's WRSS XXI (A) Transco, a special purpose vehicle wholly owned by Adani Energy Solutions ADAI.NS, plans to raise 6.32 billion rupees ($73.77 million) through the sale of multiple maturity longer-duration bonds, three bankers said on Tuesday.

The company will issue bonds maturing in 17 years and 9 months and in 19 years and 3 months, and has invited coupon and commitment bids for the issue on Monday, they said.

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
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 = 85.6750 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia)

((Khushi.malhotra@tr.com; Dharamraj.dhutia@tr.com))