Adani Group Is Said to Consider Privately Placed Bond Offerings
- Conglomerate is mulling total issuance up to $1.5 billion
- Yields surged after Hindenburg, creating refinancing hurdles
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Indian conglomerate Adani Group is in talks with potential investors as it considers offering privately placed bonds for at least three of its group companies, people familiar with the matter said.
If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani since shortseller Hindenburg Research alleged fraud and stock manipulation last month, claims that the group has vigorously disputed.