{"id":17008,"date":"2023-04-20T03:11:44","date_gmt":"2023-04-20T03:11:44","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/dollar-bonds-of-indias\/"},"modified":"2023-04-20T03:15:08","modified_gmt":"2023-04-20T03:15:08","slug":"dollar-bonds-of-indias","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/dollar-bonds-of-indias\/","title":{"rendered":"Dollar bonds of India’s Adani Group firms inch higher"},"content":{"rendered":"

MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities.<\/p>\n

On Wednesday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it will consider its first and a partial buyback of certain of the company’s debt securities at a board meeting on April 22.<\/p>\n

The company will consider the buyback of securities, which will either be denominated in Indian rupees or the U.S. dollar, in this financial year.<\/p>\n

The dollar bonds of Adani Ports, Adani Transmission, Adani Green Energy and Adani Electricity Mumbai were all trading somewhat higher. <\/p>\n

Dollar bonds of group companies had plunged after Hindenburg Research, in a scathing report on Jan. 24, questioned the conglomerate’s debt levels and use of tax havens. Billionaire chairman, Gautam Adani, called the report baseless and maintained that its financials are strong.<\/p>\n

However, India’s market regulator is looking into Hindenburg’s allegations as well as the group’s related party dealings following a Supreme Court directive.<\/p>\n

\n

(Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)<\/p>\n

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MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities. On Wednesday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it will consider its first and a partial […]<\/p>\n","protected":false},"author":8,"featured_media":17009,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-17008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3J02V-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=17008"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17008\/revisions"}],"predecessor-version":[{"id":17010,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17008\/revisions\/17010"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/17009"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=17008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=17008"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=17008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}