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Bloomberg Quint

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Image Credit: Bloomberg Quint

Adani Ports To Consider Buyback Of Some Dollar Bonds

  • Adani Ports and Special Economic Zone Ltd.'s board will consider a buyback of certain dollar-denominated bonds in this financial year, subject to market conditions.
  • Dollar bonds constitute 23% of the total long-term borrowing of the company in FY25.
  • The board will meet to mull the proposal, as per a stock exchange filing late on Wednesday.
  • Global rating agency Moody's rates Adani Ports bonds as 'Baa3 / Negative', while S&P Global and Fitch Rating placed 'BBB-/Negative'.

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