{"id":6217,"date":"2026-01-05T13:36:24","date_gmt":"2026-01-05T13:36:24","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6217"},"modified":"2026-01-05T13:38:05","modified_gmt":"2026-01-05T13:38:05","slug":"adani-enterprises-ncd-opens-jan-6-lock-in-yields-up-to-89-in-secured-debt-issue","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/adani-enterprises-ncd-opens-jan-6-lock-in-yields-up-to-89-in-secured-debt-issue\/","title":{"rendered":"Adani Enterprises NCD Opens Jan 6: Lock in Yields up to 8.9% in Secured Debt Issue"},"content":{"rendered":"

Jan 6, 2026 marks a significant opportunity for fixed-income investors as Adani Enterprises Limited (\u201cAEL\u201d)<\/a>, the flagship company of the Adani Group, launches its third public issuance of non-convertible debentures (NCDs). As India\u2019s largest listed business incubator, in terms of market capitalisation, AEL has a long track record of building sustainable infrastructure since 1993, focusing on sectors like energy, transportation, and specialty businesses.<\/span><\/p>\n

The company is offering secured, rated, listed, and redeemable NCDs with a base issue size of \u20b9500 crore. There is an option to retain over-subscription of up to an additional \u20b9500 crore, bringing the total potential issue size to \u20b91,000 crore. This “Green Shoe Option” is a provision in a public issue that allows the issuer to accept more applications than the original issue size if investor demand is strong.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> Adani Enterprises Press Release)<\/span><\/i><\/span><\/p>\n

Why This NCD Issue Matters<\/b><\/h2>\n

According to Jugeshinder \u2018Robbie\u2019 Singh, Group CFO of the Adani Group, this issuance aims to broaden access to India\u2019s capital markets. He noted that the previous \u20b91,000 crore issue in July last year was fully subscribed within just three hours on the first day.<\/span><\/p>\n

“This third NCD issuance marks another step in our journey to broaden access to India\u2019s capital markets and give retail investors a stake in long-term infrastructure growth. The strong response to our previous offerings reinforces trust in our strategy and financial discipline,” said Singh.<\/span><\/p>\n

AEL remains the only private corporate outside of the Non-Banking Financial Company (NBFC) space to offer a listed debt product specifically for retail investors. In a climate of recent rate cuts and a softer interest rate cycle, these NCDs offer a stable alternative to traditional fixed deposits.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> Adani Enterprises Press Release)<\/span><\/i><\/span><\/p>\n

Safety and Credit Ratings<\/b><\/h2>\n

Safety is a primary concern for debt investors. The proposed NCDs carry high-grade credit ratings from leading agencies:<\/span><\/p>\n