by Amruth Sundarkumar | May 9, 2023 | High Yield Bonds, India
Adani Ports and SEZ received a positive response for its tender offer to buyback a capped $130mn of its $650m 3.375% bonds due July 2024. Investors holding $412.724mn of the notes tendered them before the early deadline of May 8. As part of the tender offer,...
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 20, 2023 | High Yield Bonds, India
Adani Ports and Special Economic Zone’s board will meet on April 22 to consider a partial buyback of of its bonds, according to an exchange filing. It said that it was looking to buy back bonds denominated in INR or USD in the current financial year ending March...
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,...
