Adani Ports Bonds Buyback

The buyback of debt securities by Adani Ports and Special Economic Zone has eased refinancing risk and the company will have "adequate liquidity" over the next 12 months, according to S&P Global Ratings.

Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani's conglomerate since it was targeted by a short seller in January.

The U.S. dollar-denominated bonds issued by Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities.

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.

The buyback of debt securities by Adani Ports and Special Economic Zone has eased refinancing risk and the company will have "adequate liquidity" over the next 12 months, according to S&P Global Ratings.

Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani's conglomerate since it was targeted by a short seller in January.

The U.S. dollar-denominated bonds issued by Adani Ports and Special Economic Zone rose on Monday, after the company commenced a cash tender offer for a buyback of securities.

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.