Most Adani dollar bonds exit distressed levels on debt promises

Most Adani dollar bonds exit distressed levels on debt promises

Most Adani Group dollar bonds have climbed further out of distressed territory after the conglomerate said it will address upcoming maturities, the latest boost to investor sentiment following an initial rout sparked by a US short-seller report. Among the gainers were Adani Electricity Mumbai Ltd.’s dollar 2031 notes, rose 0.7 cent to 72 cents as … Read more

Mark Mobius | Adani Debt: Mark Mobius says Adani’s debt pile ‘scared us away’ from share sale

Mark Mobius | Adani Debt: Mark Mobius says Adani’s debt pile ‘scared us away’ from share sale

Veteran emerging-markets investor Mark Mobius said his firm didn’t participate in .’s stock sale before it was pulled as concerns about the debt of the Indian tycoon’s firms “scared us away.” “We were not interested in Adani companies because they did not meet our investment criteria, particularly as regards to debt,” Mobius said by email … Read more