Adani Ports eyes record bond issue in local market after 17-month gap

Adani Ports is poised to re-enter the local bond market after a 17-month gap, planning a record-breaking rupee-denominated debt issue targeting 50 billion rupees through 15-year bonds. This marks their largest and longest-tenured bond offering to date, with an expected coupon rate of around 7.75%, despite ongoing Sebi investigations related to Hindenburg Research’s allegations.