Adani to issue $1.5bn global bond

Adani Enterprises 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 tones 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.