Adani Green Energy’s $409 million 18-year tenor green bond offer was oversubscribed seven times, receiving bids for over $3 billion. The bonds will bear interest from March 12, 2024, to March 12, 2042 at the rate of 6.7%. The bonds will be listed on the India International Exchange (INX). The proceeds from the bond issue will be utilized to redeem the $500 million, 6.25% senior secured notes issued by Adani Green in 2019. The bonds were issued by Adani Green Energy (UP), Parampujya Solar Energy, and Prayatna Developer, all subsidiaries of Adani Green Energy. In 2021, Adani Green raised $750 million by issuing its maiden senior green bond.