Adani Energy in early talks for up to $500 million dollar bond issue, sources say

India's Adani Energy Solutions is planning to raise around $400 million-$500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said.

"The deal will materialise in the next three months and we are seeing strong interest from U.S. insurance companies and pension funds," the company source said.