by Amruth Sundarkumar | May 12, 2023 | High Yield Bonds, India
Three Adani Group companies, namely Adani Enterprises, Adani Green and Adani Transmission are planning to raised a combined $3-5bn, as per sources. All three companies said they would be holding board meetings during the weekend to consider the potential fundraise....
by Amruth Sundarkumar | May 11, 2023 | High Yield Bonds, India
Adani Enterprises, the flagship unit of the Adani Group said in a statement that it will hold a board meeting on May 13 to consider a share offering. Details regarding the size of the potential issuance and the bankers it plans to hire were not revealed. None of Adani...
by Amruth Sundarkumar | Apr 28, 2023 | High Yield Bonds, India
Adani Group is said to be in talks with 12 global banks to raise about $700-800mn for new green energy projects, as per sources. If the deal comes through, this would be the Indian conglomerate’s biggest borrowing since Hindenburg Research’s report in...
by Amruth Sundarkumar | Apr 24, 2023 | High Yield Bonds, India
Dollar bonds of Adani Ports and SEZ were among the top gainers last week as the company launched a tender offer to buyback up to $130mn of its outstanding $650mn 3.375% bonds due July 2024. The company said it was part of a liability management exercise and will be...
by Amruth Sundarkumar | Apr 18, 2023 | Corporates, India
Adani Group has repaid $3bn in pledges and bonds over the first quarter of the year, sources noted. They said that proceeds from its $1.88bn equity funding by GQG Partners and an additional $1bn from the promoter-group were used to release a substantial part of the...
