With $1.9 billion in foreign currency bonds maturing next year, the Adani Group is drawing up plans to meet repayments through a mix of cash payments and refinancing through new bond sales.
The group told investors through regulatory filings that it is working to create a liquidity pool of cash and cash equivalents to repay $750 million of Adani Green’s holding company bonds sold in 2019 and maturing in September next year. The group has also committed to pay in cash a $650 million bond tranche of Adani Ports and Special Economic Zones (APSEZ) due by July, of which it has already paid $325 million in cash this year.
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Public Analysis of Investments and Sustainability Evaluation