by Amruth Sundarkumar | Mar 30, 2023 | High Yield Bonds, India
Adani Group is said to have reached out to major asset managers Pimco, BlackRock and Blackstone for a potential $1bn two-tranche private placement of bonds, as per sources. They said that it was part of Adani Group’s global roadshows that in US cities like New...
by Amruth Sundarkumar | Mar 3, 2023 | High Yield Bonds, India
Adani Group companies shares saw an investment of $1.87bn by US boutique investment firm GQG Partners. As Reuters notes, this is the the major investment in the Indian company since late January when Hindenburg came out with their report. GQG, which oversees an AUM of...
by Amruth Sundarkumar | Mar 2, 2023 | Corporates, High Yield Bonds, India
Adani Group denied news media reports that it had told investors at its roadshow that it secured a $3bn loan from a sovereign wealth fund (SWF). Reuters reported that the group told bondholders it had access to a $3bn credit line from backers including at least one...
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 | Jan 27, 2023 | High Yield Bonds, India
Adani Group responded to Hindenburg Research’s note with its dollar bonds recovering by ~5%. Adani Group dismissed the claims as baseless, saying that it was timed to damage its reputation ahead of the planned $2.5bn share issuance of Adani Enterprises. Besides,...
