According to reports, Adani Group is in conversations with international lenders, including Barclays, First Abu Dhabi Bank and Standard Chartered, to ensure up to $ 750 million in high seas funds for its airport unit. | Photo credit: special arrangement
Adani Group is in conversations with a group of international lenders for an offshore loan for up to $ 750 million for their airport unit, according to people with knowledge of the matter.
The lenders include Barclays PLC, First Abu Dhabi Bank PJSC and Standard Chartered Bank PLC, they said that people, who asked not to be identified, since the information is not public. The proededs would finance capital spending and refinancing dollar debt in September. The unit aims to conclude the increase in debt in early May, they added.
Adani Airport Holdings Ltd. manages seven main airports throughout India and is sniffing the launch of a new International Center of $ 2 billion on the outskirts of Mumbai.
The loan tenor will probably be less than five years, the terms of thought are not yet finished and could still change, people said.
If it succeeds, the loan would mark the second increase in Adani’s offshore funds in less than a month. It is the last sign that lenders abroad are becoming more comfortable by giving the conglomerate, since it sails for a bribery investigation of the United States Department of Justice against its multi -million dollar founder, Gautam Adani.
Representatives of Barclays PLC and First Abu Dhabi Bank did not offer an immediate comment. Standard Chartered and Adani Group declined to comment.
Earlier this month, Adani raised around $ 750 million through a private placement bonus on the high seas. In that agreement, Blackrock Inc. was signed to approximately one third of the bonds, which were issued to finance the acquisition of a construction company.
In March, Power Finance Corporation Ltd. of state property refinanced a loan linked to the construction of Adani for $ 1 billion.
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Posted on April 23, 2025