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HinduBusinessLine

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Adani units in talks with MUFG for $250 Million offshore loans

  • Adani Ports and Adani Airport Holdings, two units of Adani Group, are in talks to secure $250 million offshore loans from Mitsubishi UFJ Financial Group.
  • Adani Ports to raise $100 million, Adani Airport Holdings to raise $150 million. The deal with MUFG comes after Adani's recent legal issues.
  • MUFG's bilateral loan with Adani Group will be the first since the US Department of Justice indictment against Gautam Adani over bribery allegations.
  • Adani Enterprises is oversubscribed on a ₹1,000 crore bond sale. The loans will be priced over the benchmark secured overnight financing rate (SOFR).

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