by Amruth Sundarkumar | Mar 31, 2023 | High Yield Bonds, India
Rating agency Fitch warned of governance weaknesses at the sponsor level of Adani group companies whereby its unrestricted entities like Adani Transmission (rated BBB-) and Adani Ports and SEZ (rated BBB-) are exposed to higher “contagion risks” despite...
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 | 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 bondevalue | Jan 26, 2021 | High Yield Bonds, India
India’s largest port operator Adani Port and SEZ has launched a new dollar denominated 10Y bond this morning alongside a tender offer. Adani Ports has set an initial price guidance of 3.5% area on the new 144a/Reg S bonds that are expected to be rated...
