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DEBT | 3 December 2012

Adani Enterprises To Raise Funds Through Global Bonds

by Charmi Gutka
Adani Enterprises To Raise Funds Through Global Bonds
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@Adani_Enterprises is planning to raise funds by issuing $1.5 Bn global bond to fund its Australian coal, rail and port projects.

In August 2010, Adani Group had signalled its grand plan for Australia with the $3 bn purchase of Linc Energy’s coal tenements in the Galilee Basin, Australia’s single largest tenement, with a resource of 10.4 bn tonnes of coal.

The company plans to invest a further $7 bn in Australia over the next few years in the coal mine, the Abbot Point port project, and a 450 km track system that will connect the two.

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