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Adani’s Mumbai Airport Delays Proposed Dollar Bond

  • More firms are altering bond sale plans amid global volatility
  • Company had said in February that it would meet investors

Mumbai International Airport Ltd. has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans.

The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance. But the financial market upheaval following Russia’s invasion of Ukraine means the deal was put on hold, the people said, asking not to be identified because the discussions are private.