Adani Eyes $1.5 Billion Yen Debt in Bid to Diversify Credit Mix

Adani Group is seeking to raise as much as $1.5 billion worth of yen-denominated debt in the next year and a half in a bid to diversify its financing, according to people familiar with the matter.

The conglomerate, controlled by billionaire Gautam Adani, is preparing to raise the debt through a combination of bonds and loans, said the people, who asked not to be identified because the information is private. It will tap Japanese asset managers, corporate treasuries and insurers to raise the funds with tenors in the range of five to 15 years, they said.