Adani Enterprises' NCDs to offer up to 8.90% interest; issue opens Jan 6

Adani Enterprises will launch a public issue of secured NCDs from Jan 6-19, 2026. Rated AA- (Stable), the issue offers interest up to 8.90% for tenures of 24, 36, and 60 months, aiming to diversify the company's funding sources.

Adani Enterprises NCD Issue Details

Adani Enterprises Limited, the flagship company of the Adani Group, is set to launch a public issue of secured, redeemable non-convertible debentures (NCDs) from January 6, 2026. The issue, which will open on Tuesday and close on January 19, 2026, carries credit ratings of CARE AA- (Stable) and ICRA AA- (Stable), reflecting a high degree of safety regarding timely servicing of financial obligations. The NCDs will be offered on a first-come, first-serve basis, and it is likely to close before January 10, 2026, subject to investor response.

Interest Rate and Tenure Options

Under the quarterly interest payout option, investors can choose between a 36-month tenure offering 8.48 per cent, and a 60-month tenure offering 8.62 per cent. For those opting for annual interest pay-outs, the company is offering 8.60 per cent for 24 months, 8.75 per cent for 36 months, and 8.90 per cent for 60 months.

Strategic Rationale and Security

The issue comprises secured instruments, backed by assets of the company, and forms part of Adani Enterprises' broader strategy to diversify funding sources and strengthen its balance sheet.

Company Operations

Adani Enterprises operates across multiple infrastructure-focused businesses, including energy transition, transport and logistics, and integrated resource management.

Previous Public Bond Offerings

The proposed sale would be the company's third public bond offering. Adani Enterprises last raised Rs 10 billion via a public bond issue in July 2025, across two, three and five-year tranches after its first public debt issue in September 2024. (ANI)

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