Four subsidiaries of India's Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month,

Adani Group company Adani Green Energy Ltd’s four subsidiaries are planning to raise up to $1 billion via issuing US Dollar denominated bonds, divulged two merchant bankers involved in the deal on Tuesday as reported by Reuters.

The companies - Adani Hybrid Energy Jaisalmer One, Adani Hybrid Energy Jaisalmer Two, Adani Hybrid Energy Jaisalmer Four and Adani Solar Energy Jaisalmer One - will collectively raise around $500 million to $1 billion,

The bonds will have a 20-year maturity and will be issued in one or more tranches, with the process set to begin this month

Four subsidiaries of Adani Green Energy ADNA.NS plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month,