Adani International Container Terminal's USD Bond Issuance Oversubscribed 10 Times
4 years ago

Adani International Container Terminal's USD Bond Issuance Oversubscribed 10 Times

News 18  

Adani International Container Terminal Pvt Ltd on Monday said its maiden USD 300 million bond issuance witnessed 10 times oversubscription. AICTPL, a JV between Adani Ports and Special Economic Zone and Terminal Investment Ltd, is a container terminal operating company based out of Mundra, having an annual capacity of handling over 3.1 million TEUs. Our relationship with TIL is very important to us and holds the key to our strategy for making Mundra container hub for the region and AICTPL as our flagship terminal.” Successful issuance demonstrates the appreciation and acceptance of level of corporate governance at the private JV level, he said adding, the first note issuance by any port vertical JV company also paves the way and sets the benchmark for other JVs and subsidiary companies of the group to tap the capital market. AICTPL holds a key position in our overall portfolio of terminals across all continents and is ideally located at Mundra port enabling it to be the port of choice for cargo going to North India.” India is a strategic place for our investment, and we foresee great opportunities going forward, he said.. Read all the Latest News, Breaking News and Coronavirus News here

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History of this topic

Adani Enterprises eyes first-ever public debt issue in coming weeks: sources
5 months, 1 week ago

Adani Enterprises eyes first-ever public debt issue in coming weeks: sources

The Hindu  

Adani Enterprises, the flagship firm of Adani Group, plans to launch its first-ever public issue of bonds in the coming weeks to raise up to 6 billion rupees, two sources aware of the development said on Tuesday. Adani Enterprises had decided not to proceed with a debut retail bond offering of up to 10 billion rupees last year after U.S.-based …

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement
1 year, 9 months ago

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement

India Today  

Embattled Adani Group on Sunday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a statement, Adani group said it has repaid USD 2.15 billion of loans …

Adani has $2 bn bonds due for repayment in 2024
1 year, 10 months ago

Adani has $2 bn bonds due for repayment in 2024

Deccan Chronicle  

New Delhi: The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group …

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore
1 year, 10 months ago

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore

The Hindu  

Adani Group flagship Adani Enterprises Ltd. on Tuesday said group companies faced no material refinancing risk, or near-term liquidity issues in the wake of “allegations made by a short seller on the parent and some other entities of the Adani Group” and termed the recent rout in its stock prices as “temporary market volatility”. AEL also reported a third-quarter net …

Adani group says no refinancing issues in bid to calm jittery investors
1 year, 10 months ago

Adani group says no refinancing issues in bid to calm jittery investors

Hindustan Times  

Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller's critical report on its business practices. In a long-awaited credit report issued by Adani to Indian exchanges on Tuesday, the apples-to-airports group said there was "no material refinancing risk and near-term …

Adani Group likely to repay short-term commercial paper borrowings: Bankers
1 year, 10 months ago

Adani Group likely to repay short-term commercial paper borrowings: Bankers

The Hindu  

Two large companies within the embattled Adani Group are likely to repay their short-term commercial paper debt as they come due over the next few months, instead of rolling them over as is normal, two merchant bankers and a company official directly familiar with the matter said. The two group companies have about ₹50 billion worth of CP due to …

Adani bonds worth $1 billion find buyers: Report
1 year, 11 months ago

Adani bonds worth $1 billion find buyers: Report

Live Mint  

In the days following the release of the Hindenburg report on January 24, a number of international special situation funds, including high-yield and distressed-debt experts, purchased sizable sums of foreign currency bonds from Adani Group companies. US hedge funds Baupost Group and Silver Point Capital, with varied maturities, are among the firms that have invested, and the majority of the …

Adani Enterprises shelves ₹10 billion bond plan amid row with Hindenburg
1 year, 11 months ago

Adani Enterprises shelves ₹10 billion bond plan amid row with Hindenburg

Live Mint  

Adani Enterprises Ltd has shelved a plan to raise as much as ₹10 billion via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd., AK Capital, JM Financial, and …

Adani group saga is credibility test for India’s markets, institutions
1 year, 11 months ago

Adani group saga is credibility test for India’s markets, institutions

Live Mint  

The sprawling conglomerate built by Gautam Adani is under attack by short seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. U.S.-based Hindenburg Research, which last week said it held short positions in Adani Group through its US-traded debt and offshore derivatives, has accused the conglomerate of accounting fraud and stock manipulation through opaque offshore entities. On …

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