Adani Green plans $750m bond redemption.

Adani Green Energy Limited has announced its plan to redeem $750 million worth of 4.375% notes due in September 2024. The company intends to use cash balances from reserve accounts, as well as funds from a joint venture consideration and a promoter preferential allotment, to fully redeem the outstanding notes eight months before maturity. This redemption plan aligns with AGEL's goal of deleveraging and improving its net leverage. AGEL aims to achieve 45GW of capacity by 2030, while the Adani Group plans to invest Rs7 trillion over the next decade. [Extracted from the article]