Four subsidiaries of India's Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month,

Four subsidiaries of India’s Adani Green Energy will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of anonymity as they are not authorised to speak to the media.

The companies - Adani Hybrid Energy Jaisalmer One, Adani Hybrid Energy Jaisalmer Two, Adani Hybrid Energy Jaisalmer Four and Adani Solar Energy Jaisalmer One - will collectively raise around $500 million to $1 billion,

"The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows," one of the bankers said

The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said