Adani Group's $1.7 bn debt, taken for 3 entities, maturing by March
Adani Group faces nearly $1.7 billion in upcoming debt maturities at three of its businesses -ports, cement, and renewable energy-over the next quarter, investment banking sources aware of the syndicated loan terms and coupon timelines told ET.
The biggest of these maturities is a $1.05-billion construction loan taken for Adani Green Energy, which is due March next year.
Adani Cement-which houses Ambuja Cements and ACC-also has a $300-million loan due March, while there is a $290-million credit facility for Adani Ports and SEZ due January, according to the sources cited above.
The Adani Ports loan, denominated in Israeli shekels and secured by assets of the Haifa Port, is expected to be refinanced through local lenders in Tel Aviv.
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