Adani Group Has $35 Million in Bond Coupons Due This Week

  • In Business
  • 2023-02-02 06:12:42Z
  • By Bloomberg

(Bloomberg) -- The conglomerate backed by Indian tycoon Gautam Adani has $34.7 million of coupon payments due this week on its dollar bonds, most of which have plunged as fallout spreads from a US short seller's allegations of fraud and market manipulation.

Most Read from Bloomberg

  • Merck Covid Drug Linked to New Virus Mutations, Study Says

  • Porsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000

  • Plenty of Americans Are Drinking Bleach, Still for Sale on Amazon

  • National Archives Releases Records Tied to Trump Classified Documents

  • 8,000 Layoffs Don't Exactly Scream Family Values

Adani Ports & Special Economic Zone Ltd. must pay a combined $24.7 million in interest on three bonds Thursday. Next up is Adani Transmission Ltd. with a $10 million coupon payment Friday.

There's been no suggestion that either company would struggle to make the payments, but traders alarmed by the crisis engulfing the conglomerate have dumped the group's debt securities. All 15 of the dollar bonds dropped on Thursday, according to Bloomberg-compiled data.

Adani Ports "is a strong business generating positive cash flow with a history of operating profitability, along with larger cash reserves," said Kaveh Namazie, a credit strategist at Australia & New Zealand Banking Group Ltd.

"The levels at which the bonds are trading could have value," he said, referring to the group's dollar bonds in general.

Here's a list of the upcoming dollar bond interest payments:

The turmoil was set off by allegations made late last month by short seller Hindenburg Research, which accused the Adani group of market manipulation and accounting fraud. Adani Group has vigorously rebutted the claims, which company executives labeled "bogus" in a call with bondholders last week.

A spokesperson for Adani Group didn't respond to a request for comment regarding its debt payment plans.

--With assistance from P R Sanjai.

(Updates with bond prices, analyst quote from third paragraph)

Most Read from Bloomberg Businessweek

  • Wall Street: We Want Lower Rates. The Fed: Not So Fast

  • A 3D Printer Isn't Cool. You Know What's Cool? A 3D-Printing Factory

  • Sean Penn's Disaster-Relief Charity Ended Up a Money Mess

  • A $500 Million Bet on Reinvigorating Japan's Aging Ski Industry

  • Spanish-Speaking Streamers Are the Hottest Thing on Twitch

©2023 Bloomberg L.P.


Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • Brigade Valencia
    (2023-02-02 13:10:54Z)

    GREAT BLOG! You are one of the best writers I’ve seen in a long long time. I hope you keep writing because people like you inspire me!

  • Josephcer
    (2023-02-19 20:07:55Z)

    Awesome facts, Appreciate it! online professional resume writing services

  • Vyqfqs
    (2023-02-21 20:50:52Z)

    lanoxin over the counter order digoxin 250 mg without prescription purchase molnunat online cheap

  • CharlesVap
    (2023-02-26 11:38:50Z)

    Wow quite a lot of useful info!
    argumentative essay for sale best websites to buy essays pay for college essay

  • Epmxkv
    (2023-02-26 19:33:30Z)

    buy lanoxin 250mg sale buy molnunat 200mg without prescription buy molnupiravir sale

  • Flxxmb
    (2023-02-28 11:15:55Z)

    amoxil 500mg us order amoxil 1000mg pill ivermectin cream

  • Uxddct
    (2023-02-28 23:56:37Z)

    order carvedilol 25mg online cheap order elavil 10mg pill elavil 50mg usa

  • Andrewsaumn
    (2023-03-01 01:28:39Z)

    Excellent forum posts. Kudos!
    how do i get motivated to do my homework where can i go to do my homework i do my homework now

  • Okwnit
    (2023-03-01 22:36:06Z)

    buy priligy sale purchase motilium generic buy domperidone online cheap

  • Jerryunugs
    (2023-03-02 04:37:24Z)

    Nicely put, Kudos!
    research paper writing service cheap proposal for phd writing a proposal for your dissertation

  • Wygjhp
    (2023-03-02 11:14:07Z)

    fosamax online order furadantin 100 mg without prescription motrin uk

  • TimothyCed
    (2023-03-02 20:07:58Z)

    Nicely put. With thanks.
    professional term paper writer i need a paper written for me do my college paper for me

  • Rgfges
    (2023-03-03 11:47:03Z)

    indocin 50mg pills buy flomax 0.4mg cenforce generic

  • Josephdyext
    (2023-03-03 19:20:14Z)

    Thanks a lot, Helpful information!
    thesis writing service in chandigarh define thesis statement restatement of thesis

  • Hgsdjl
    (2023-03-04 00:28:44Z)

    pamelor 25 mg cost pamelor uk paxil 10mg price

  • Hectordex
    (2023-03-04 07:08:32Z)

    Great info. Thank you!
    pay to do my essay write a college essay for me write my vows for me

  • Hectordex
    (2023-03-04 18:29:13Z)

    Information nicely used!!
    do my english essay for me write essays write my essay helper

  • Qrihfn
    (2023-03-05 01:10:18Z)

    order doxycycline without prescription doxycycline 100mg us methylprednisolone 8mg online

  • Cqzhxg
    (2023-03-05 11:22:52Z)

    famotidine 20mg uk pepcid 40mg pills remeron 30mg us

  • Patrickhar
    (2023-03-06 06:36:25Z)

    Thank you. I enjoy this.
    dissertation literature review services phd proposal writing dissertation writing services reviews writing a dissertation abstract

  • BrandonBuh
    (2023-03-06 08:33:31Z)

    You actually reported that very well.
    write my essay for money write my java program for me do my essay reddit write my essay today
    buy literature review paper best research paper writing service review reddit custom paper writing services essay paper writing service
    transfer college essay

  • Andrewnit
    (2023-03-06 14:16:42Z)

    Factor effectively taken!.
    research paper writing service australia mba paper writing service buy a college paper online best paper writing service 2017

  • Yfsbmz
    (2023-03-06 22:34:02Z)

    requip drug purchase rocaltrol generic labetalol tablet

  • Patrickhar
    (2023-03-07 01:35:15Z)

    Superb write ups. Thanks.
    pay to do my homework i don t twerk i do my homework should i do my homework can you help me do my homework

  • Erzgmg
    (2023-03-07 01:55:55Z)

    order tadacip 20mg pills tadacip pill buy amoxicillin 250mg sale

  • ManuelLitle
    (2023-03-07 04:09:42Z)

    Thank you, Loads of information.
    help with dissertation dissertation writing uk dissertation help psychology dissertation help
    best place to buy research paper study proposal buy college research papers professional term paper writers
    write better essays

  • BrandonBuh
    (2023-03-07 12:07:34Z)

    Incredible lots of valuable advice.
    writing dissertation dissertation essay dissertation research proposal dissertation.
    college essays help college essay help online application essay help helping the poor essay
    buy essay online

  • Andrewnit
    (2023-03-07 17:50:20Z)

    Nicely put, Appreciate it.
    how do you say i do my homework in spanish do my homework slave coursework writing uk my son doesn t do his homework

  • ManuelLitle
    (2023-03-08 00:37:27Z)

    You've made your position pretty well..
    write my essays online write my assignment for me uk write a claim for me hire someone to write a book for me
    help me write song lyrics for free write my law essay uk my favourite writer essay in english write my essay for free app
    best custom essay writing services

  • Cagpfn
    (2023-03-08 12:53:53Z)

    buy generic tricor 160mg viagra 100mg canada order sildenafil 50mg pill

  • Nlfygf
    (2023-03-08 15:53:33Z)

    nexium 20mg generic oral esomeprazole lasix online buy

  • Patrickhar
    (2023-03-08 18:11:29Z)

    Thanks, A lot of stuff.
    i need to buy a research paper research project proposal help writing a term paper order term paper online

  • Andrewnit
    (2023-03-08 20:50:35Z)

    With thanks. Quite a lot of advice!
    writing a scholarship essay best paper writing service forum scholarship essay writing service essay writing service plagiarism free

  • ManuelLitle
    (2023-03-08 20:58:59Z)

    Superb material. Regards!
    customer service email writing test smart custom writing service best essay writing service in usa my essay writing service
    [url=]what to write my college essay about[/url] introduce yourself as a writer essay [url=]domyessay[/url] if i were a writer essay
    essay writing formats

  • Patrickhar
    (2023-03-09 12:53:51Z)

    This is nicely said! .
    courseworks help someone to do my homework do my online math homework did i do my homework twitter

  • ManuelLitle
    (2023-03-09 15:22:34Z)

    Great facts, With thanks.
    how do you say do my homework in spanish buy coursework online do my visual basic homework can u do my homework
    phd essay writing service how much does a professional resume writing service cost essay services analytical essay writing service
    how to write a rogerian essay

  • BrandonBuh
    (2023-03-09 17:53:23Z)

    You actually mentioned this exceptionally well!
    personal statement writing service spongebob writing essay best essay writing service 2016 essay writing help online
    reliable paper writing service paper writing service phone number best research paper writing services in usa best psychology paper writing service
    college scholarship essays

  • Andrewnit
    (2023-03-09 23:16:39Z)

    Seriously loads of terrific information!
    dissertation help dissertation writing uk psychology dissertation statistics help phd thesis writing services uk

  • Xphahe
    (2023-03-10 02:20:58Z)

    cialis 20mg tablet tadalafil next day sildenafil 50 mg

  • Ndnsug
    (2023-03-10 04:23:28Z)

    minocycline 100mg for sale purchase minocycline pill order hytrin online

  • Patrickhar
    (2023-03-10 07:09:07Z)

    You stated it adequately.
    harvard essay writing service essay writing service uk reviews best paper writing services new zealand essay writing service

  • BrandonBuh
    (2023-03-10 20:16:32Z)

    Thanks. Valuable information.
    custom written papers thesis paper writing service paper writing service review best paper writing service forum
    buy paper online master's level paper writing service research paper writing service canada custom research paper writing services
    proquest dissertation database

  • Andrewnit
    (2023-03-11 01:42:09Z)

    Awesome information. Regards!
    essay writing service dublin cheap essay writing service australia writing essay service free cv writing service online

  • Patrickhar
    (2023-03-11 16:27:20Z)

    Regards. I appreciate it.
    write a paper for me purchase college papers write my paper for cheap can i pay someone to write my research paper

  • BrandonBuh
    (2023-03-11 22:39:06Z)

    Really a lot of excellent info.
    essay writing help service medicine personal statement writing service essay writing service houston writing an impressive nursing entrance essay samples
    writing dissertation abstracts doctoral dissertation phd dissertation help write my phd dissertation
    mit college essay

  • Xknkvf
    (2023-03-11 22:43:39Z)

    tadalafil online Cialis dosage sexual dysfunction

  • Wsxjco
    (2023-03-12 02:57:23Z)

    order glucophage 500mg online calan 120mg canada tamoxifen price

  • Andrewnit
    (2023-03-12 04:02:43Z)

    Many thanks, Lots of information!
    dissertation pay write my dissertation proposal dissertation coaching services help writing literature review dissertation

  • Patrickhar
    (2023-03-12 10:05:22Z)

    Whoa all kinds of awesome advice.
    essay typer help with college essays academic essay help essay help service

  • BrandonBuh
    (2023-03-13 00:54:59Z)

    Very good stuff, With thanks!
    letter writing service writing public service announcements for radio reliable service thane paper writing reviews best online resume writing service
    dissertation proposal writing help custom dissertation writers buy dissertation buy a dissertation
    dissertation help services

  • ManuelLitle
    (2023-03-13 03:35:18Z)

    Thank you, I value it!
    write a thesis for me fake essay writer essay writing for hire essays writer
    where can i buy an essay online buying essay papers pay to have essay written essay on sale
    i need help writing a narrative essay

  • Andrewnit
    (2023-03-13 06:21:08Z)

    Truly loads of fantastic information.
    someone write my essay custom essay writer what ways do i help my family essay write my essay online

  • Toycgi
    (2023-03-13 16:56:29Z)

    modafinil for sale buy promethazine 25mg generic promethazine brand

  • Xazdzi
    (2023-03-14 00:12:49Z)

    order clomiphene 100mg online cheap clomiphene 100mg ca order prednisolone 10mg

  • Pbzoek
    (2023-03-15 10:31:11Z)

    purchase deltasone pill order deltasone 5mg online amoxicillin usa

  • Ltyxyr
    (2023-03-15 21:13:26Z)

    order isotretinoin for sale buy ampicillin 500mg sale ampicillin antibiotic

  • Ppajmc
    (2023-03-17 12:28:31Z)

    purchase fildena pill cheap pregabalin 150mg buy propecia 5mg online

  • Banjff
    (2023-03-17 20:20:47Z)

    ivermectin 400 mg non prescription erection pills buy prednisone 10mg generic

  • Ojtzlk
    (2023-03-19 12:43:39Z)

    order ondansetron sale bactrim 960mg drug bactrim 960mg ca

  • Zatxmn
    (2023-03-20 01:16:58Z)

    buy isotretinoin 40mg pill order amoxicillin 250mg azithromycin sale

  • Fyeicz
    (2023-03-21 13:16:42Z)

    buy albuterol sale brand levothyroxine purchase amoxiclav for sale

  • Patrickhar
    (2023-03-21 18:08:19Z)

    Nicely put, Regards.
    write my college entrance essay essay writer online essay help writer how do i improve my essay writing skills

  • ManuelLitle
    (2023-03-21 23:41:53Z)

    Very good content. Thanks.
    essaytyper need essay help argumentative essay help with essays
    writing argumentative essay essay writer useless website writing college essays my favorite writer essay
    how to write an illustration essay

  • Debsmi
    (2023-03-22 12:20:19Z)

    order prednisolone 20mg generic furosemide usa order furosemide for sale

  • ManuelLitle
    (2023-03-22 17:15:11Z)

    Reliable facts. Thanks a lot.
    my paper writing service reviews best paper writing service 2017 buying papers online custom paper writing service online help
    i need someone to write my essay for me easy essay writer essay on if i am a writer what i do in my spare time essay
    easy essay help

  • Patrickhar
    (2023-03-22 22:46:31Z)

    Thank you. Ample information!
    paper writing services reviews of academic paper writing service paper writing service reviews paper writing service for doctors

  • ManuelLitle
    (2023-03-23 12:05:58Z)

    Kudos, Numerous write ups!
    essay help online help writing an argumentative essay essay help uk help with writing a paper
    essay help essay help online medical school application essay help common application essay help
    how to write an essay for scholarships

  • Ikfwiq
    (2023-03-23 12:18:41Z)

    buy provigil 100mg online buy generic modafinil 100mg buy lopressor tablets

  • Patrickhar
    (2023-03-23 13:49:10Z)

    Regards! I appreciate it!
    buyessay uk buy essays online for college pay for someone to write your paper pay for a paper to be written

  • Lmtrpl
    (2023-03-24 23:19:55Z)

    buy doxycycline 100mg generic acyclovir 800mg sale zovirax 400mg cheap

  • Zvgjgt
    (2023-03-25 11:39:53Z)

    purchase avodart generic avodart price orlistat online

  • BrandonBuh
    (2023-03-26 01:21:15Z)

    Kudos. I value it!
    pay someone to write your paper pay for research papers order of writing an essay order essay cheap
    write my papers for me how to write a paper write my research papers pay someone to do my research paper
    executive resume writing services toronto

  • Andrewnit
    (2023-03-26 01:34:50Z)

    You said it very well..
    buy essay online paying someone to write a paper for youbuy cheap essay buy an essay online reviews buying an essay

  • BrandonBuh
    (2023-03-27 00:14:07Z)

    This is nicely put! !
    write my essay now i don't want to write my essay top essay writer history essay writer
    write a research paper for me academic paper writer write my research papers help me write my paper
    best essay website

  • Rqiypp
    (2023-03-27 08:35:57Z)

    imuran us buy naproxen pill naprosyn 250mg pills

  • Gpmdym
    (2023-03-27 17:16:49Z)

    buy ditropan 5mg pills ditropan pills order trileptal 300mg for sale

  • BrandonBuh
    (2023-03-27 23:04:12Z)

    Nicely put. With thanks!
    pay to write my paper essay writer review paper writer write my paper in 3 hours
    high school essay help help with college essay writing helping others essay help for writing essays
    dissertation methodology example

  • Andrewnit
    (2023-03-27 23:20:22Z)

    Thanks. A lot of forum posts.
    writing my paper academic paper writers write my papers custom paper writer

  • BrandonBuh
    (2023-03-28 21:57:10Z)

    You stated that well!
    write a thesis for me help me write a cover letter for free write my university essay uk can someone write my thesis for me
    to do my homework in spanish do my c homework buy coursework do my algebra homework meme
    write a 5 paragraph essay

  • Andrewnit
    (2023-03-28 22:08:56Z)

    You actually mentioned that perfectly!
    thesis paper for sale best paper writing service 2017 term paper academic writing service pay to write a paper

  • Chxcpo
    (2023-03-29 04:50:31Z)

    cefdinir 300mg canada buy lansoprazole pill pantoprazole 40mg canada

  • Octgum
    (2023-03-29 14:14:04Z)

    order simvastatin 10mg without prescription sildenafil 50mg price order sildalis

  • BrandonBuh
    (2023-03-29 21:04:03Z)

    You have made your position extremely well!!
    best dissertation writer dissertation writers for hire dissertation ghostwriter published dissertations online
    write my essay online review strengths as a writer essay write an essay write a note for me
    essay to buy

  • Andrewnit
    (2023-03-29 21:19:03Z)

    Fantastic information, With thanks!
    best website that writes essays for you write essay for me uk writing a good essay write my paper for me yahoo answers

  • BrandonBuh
    (2023-03-30 20:14:46Z)

    Thanks! Quite a lot of information!
    doctoral dissertation proposal phd thesis writing services uk best dissertation writing services dissertation express
    do i have to do my homework i tried to do my homework poem by kenn nesbitt do my homework for money can you do my homework for me
    essay writing websites

  • Andrewnit
    (2023-03-30 20:26:36Z)

    You actually reported that well.
    thesis review online thesis writing service review a good thesis statement write a thesis statement for your argument

  • Ladott
    (2023-03-30 22:36:37Z)

    dapsone online buy tenormin cost cost atenolol


Top News: Business