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    HomeNewsBusinessCompaniesIndia's Adani to issue $1.5bn global bond

    India's Adani to issue $1.5bn global bond

    India's Adani Enterprises said it is planning a USD 1.5 billion global bond issue to fund its Australian coal, rail and port project.

    December 03, 2012 / 13:21 IST
       
       
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      India's Adani Enterprises said it is planning a USD 1.5 billion global bond issue to fund its Australian coal, rail and port project.

      Adani Enterprises is developing the Carmichael mine to produce 60 million tonnes a year of coal for export, mostly to power stations in India. The project also involves building a 400-km rail line.


      The Adani Group has invested $3 billion in cash in its Australian projects and is expected to invest $7 billion more over the next few years, the company said in a statement.

      first published: Dec 2, 2012 05:42 pm

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