ATL to raise ₹500 cr via offshore Masala bonds

NEW DELHI: Adani Transmission Ltd (ATL) plans to raise ₹500 crore through offshore rupee-denominated Masala bonds, the company said . It has signed a purchase agreement

NEW DELHI: Adani Transmission Ltd (ATL) plans to raise ₹500 crore through offshore rupee-denominated Masala bonds, the company said . It has signed a purchase agreement with Credit Suisse AG, Singapore Branch for the rupee-denominated Masala bonds due 2021 payable in US dollars, to be allotted through private placement outside India and the US. The notes will be listed on the Singapore Exchange Securities Trading Ltd.

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