by Amruth Sundarkumar | Feb 21, 2023 | High Yield Bonds, India
February 20, 2023: Adani Group Cancels Bid for PTC India, Say Sources; Adani Ports to Prepay $121mn Local Bond Adani Group has stalled plans to bid for state-backed electricity company PTC India, formerly Power Trading Corporation of India, as per sources. They noted...
by Amruth Sundarkumar | Mar 16, 2022 | High Yield Bonds, India
Adani Group operated Mumbai International Airport Ltd. has delayed its proposed debut dollar bond issuance as per sources. The delay is due to increased market volatility following the Russia-Ukraine war which has led to borrowers having to adjust funding plans. As...
by Amruth Sundarkumar | Sep 27, 2021 | High Yield Bonds, India
Adani Group’s airport operating unit, Adani Airport Holdings is said to be planning a $500mn capital raise via the sale of FCCBs (Term of the day, explained below), as per ET sources. Proceeds from the sale are expected to be used towards accelerating the...
by Amruth Sundarkumar | Jul 8, 2021 | High Yield Bonds, India
Adani Group is seeking a loan of ~INR 75bn ($1bn) to refinance Mumbai International Airport Ltd’s existing debt of INR 80bn ($1.07bn). Adani Airports had entered the airport business in 2019, and had revealed plans last year to acquire controlling interest in...
by Amruth Sundarkumar | Jun 10, 2021 | High Yield Bonds, India
Indian Conglomerate Adani Group plans to separate its airport business from its holding entity, Adani Enterprises Ltd, marking the initial step in preparation for a public listing of Adani Airports. The group is expected to raise $500mn through a private sale of...
