+
Adani Electricity Buys Back USD 49.5 Mn Of 2030 Notes
POWER & RENEWABLE ENERGY

Adani Electricity Buys Back USD 49.5 Mn Of 2030 Notes

Adani Electricity Mumbai Ltd (AEML) has successfully completed an open market repurchase of USD 49.5 million of its 3.949 per cent Senior Secured Notes due in 2030. The repurchase was funded entirely through internal cash flows and forms part of AEML’s ongoing capital management strategy.

The original bond issuance, valued at USD 1 billion, was launched in February 2020. Following this latest repurchase and cancellation, the outstanding principal on the notes now stands at USD 830.5 million.

This move follows an earlier tender offer completed in November 2023, when AEML repurchased USD 120 million worth of notes. Both transactions collectively underscore the company’s strong cash generation and financial flexibility, while helping reduce its overall debt obligations.

AEML noted it may continue similar liability management initiatives subject to market conditions and in line with its capital strategy.

Adani Electricity Mumbai Ltd (AEML) has successfully completed an open market repurchase of USD 49.5 million of its 3.949 per cent Senior Secured Notes due in 2030. The repurchase was funded entirely through internal cash flows and forms part of AEML’s ongoing capital management strategy.The original bond issuance, valued at USD 1 billion, was launched in February 2020. Following this latest repurchase and cancellation, the outstanding principal on the notes now stands at USD 830.5 million.This move follows an earlier tender offer completed in November 2023, when AEML repurchased USD 120 million worth of notes. Both transactions collectively underscore the company’s strong cash generation and financial flexibility, while helping reduce its overall debt obligations.AEML noted it may continue similar liability management initiatives subject to market conditions and in line with its capital strategy.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code