Adani Enterprises is set to raise 10 billion rupees through a public bond issue next week, with an additional 5 billion rupees greenshoe option. The company will offer two-, three-, and five-year maturities with annual coupons ranging from 8.60% to 8.90%. The issue, rated AA- by CARE Ratings and ICRA, opens on January 6 and closes on January 19.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an