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The Adani Group has recently raised around $275 million (approximately Rs 2500 crores) through two foreign currency loans as the Indian industrialist continues to push debt levels higher according to people familiar with the situation reported Bloomberg. As per a Bloomberg report Adani Airport Holdings Limited has secured a total of $150 million sourced from a group of banks and financial institutions including Barclays PLC DBS Bank Limited First Abu Dhabi Bank and Mitsubishi UFJ Financial Group. The details were provided by sources who asked not to be identified due to the confidential nature of the information. Furthermore Adani Ports and Special Economic Zone Limited has also secured $125 million through a bilateral deal with Mitsubishi UFJ Financial Group they stated(sources speaking anonymously). Investor confidence has been rekindled in the Adani Group as it plans to raise additional capital for its many businesses. In the past six months the group has been able to raise more than $10 billion of new credit representing about a third of total debt. This increased availability of credit was one of the reasons S&P Global Ratings reportedly started to watch three Adani units positively. Story Highlights Adani units raise multi-crore offshore debt from global companies. The report suggests that Adani Airport Holdings Limited has secured a total of $150 million. The loan for the airport will have an interest rate around 300 basis points over the Secured Overnight Financing Rate (SOFR) and the loan for the ports will have an interest rate of about 215 basis points over SOFR the people stated. The Secured Overnight Financing Rate is a benchmark interest rate. Both loans have a tenure of four years. The funds raised will be used for dollar bonds buybacks and for capital expenditures.