Adani Energy Secures $750 Million Loan Led by Japanese Banks

Adani Energy Solutions Ltd., controlled by Indian billionaire Gautam Adani, secured a $750 million loan led by two Japanese banks, according to people familiar with the matter, in the latest sign of Japanese lenders’ surging interest in India.

The dollar-denominated facility has a five-year tenor and priced about 200 basis points over the benchmark Secured Overnight Financing Rate, said the people, who asked not to be identified because details are not public. Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Banking Corp. led the financing, according to a press release Monday.