Adani Green scraps USD 600 million bond sale after promoter charged in alleged bribery case in U.S.

Hours before the U.S. prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.

Nov 21, 2024 - 13:55
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Adani Green scraps USD 600 million bond sale after promoter charged in alleged bribery case in U.S.
Hours before the U.S. prosecutors charged Gautam Adani and associates with participating in a scheme to pay over USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, the firm sold a 20-year green bond in the US-investment-grade market.

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