Adani Green Energy Ltd, led by Indian billionaire Gautam Adani, has secured about US$250 million (RM1.05 billion) in funding from a consortium of global lenders — marking its first foreign loan since the US Department of Justice launched an investigation into the Adani Group.
According to sources familiar with the deal, the financing will be provided by DBS Bank Ltd, DZ Bank, Rabobank, and Bank SinoPac Co Ltd. The proceeds are expected to be used to refinance existing debt.
The loan reportedly carries a tenor of over five years with an interest rate of around 8.2%. While Adani Group, Bank SinoPac, and Rabobank did not immediately respond to requests for comment, a spokesperson from DZ Bank confirmed the bank’s participation in the lending syndicate.
This offshore financing underscores renewed lender confidence in the Adani Group as it works to reduce its overall debt over the next five years. The conglomerate has indicated that it does not plan to issue any new bonds in international markets until at least 2027.
Earlier this year, Adani Green refinanced a 92.61 billion-rupee (RM4.4 billion) construction-linked loan with India’s Power Finance Corporation Ltd. Across its various subsidiaries — including Adani Green Energy, Adani Enterprises Ltd, Adani Energy Solutions Ltd, and its ports division — the group has secured more than US$10 billion in new credit facilities during the first half of the year, according to an August report by S&P Global Ratings.
S&P also noted that the Adani family injected about US$1.1 billion of equity into Adani Green in July, and stated that there is “no significant increase in funding costs” for the group despite recent scrutiny.
