Adani Ports floats tender to buy back $130-mn bonds
Financial Express Mumbai|April 25, 2023
ADANI PORTS AND Special Economic Zone (APSEZ) has launched a tender offer for bonds worth $130 million, which the company will use to partly pre-pay near-term debt maturities.
RAJESH KURUP
Adani Ports floats tender to buy back $130-mn bonds

This is the first buyback by an Adani Group company since the January 24 report by short-seller Hindenburg Research shaved off half of the group's market capitalisation.

The firm intends to fund the buyback of its July 2024 bonds from its cash reserves. The purpose of the tender offer is to partly pre-pay the company's near-term debt maturities and to convey its comfortable liquidity position, APSEZ said in a stock exchange update.

Managers for the offer are Barclays Bank, DBS Bank, Emirates NBD Bank, First Abu Dhabi Bank, MUFG Securities Asia, Singapore branch, SMBC Nikko Securities (Hong Kong), and Standard Chartered Bank.

この記事は Financial Express Mumbai の April 25, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の April 25, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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