Adani Transmission (ATL) has circled up its US private placement transaction of USD notes to the eligible International Investors. This USD denominated notes are raised by 6 wholly owned subsidiaries of ATL amounting to $310 million.
The USD notes carries fixed coupon over the tenor of notes. These instruments have an amortizing structure matching the concession period and revenue profile of the issuer companies. This is the first time that an Indian company has circled up transaction for its proposed US private placement in over a decade. From transmission business, this is first of its kind transaction.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
