Adani Group issues a $409m bond after recovering investor confidence post-Hindenburg report.

Adani Group is offering a $409 million dollar bond, its first since the Hindenburg Research report, indicating a rebound in investor confidence. The conglomerate's solar energy unit, Adani Green Energy Ltd, and associated firms are marketing the 18-year bond at an initial price guidance of 7.125%. This move follows Adani's successful refinancing of $3.5 billion of debt for cement company acquisitions and receiving fresh equity backing from investors like GQG Partners LLC.

March 04, 2024
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