Published 1 year ago

Adani Met Pimco, BlackRock for Potential Private Bond Placement

Summary by Ground News

The conglomerate led by billionaire Gautam Adani is aiming to raise up to $1 billion in two tranches this year via such a route. The privately placed debt papers would be long term tenors in the range of 10-20 years, the people said. Two of the group companies including Adani Transmission and Adani Green may sell those proposed bonds.

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Times of India

Adani met Pimco, BlackRock for potential private bond placement

The meetings were part of a global roadshow that reached US cities including New York, Boston, Los Angeles and San Francisco, as Adani seeks to reassure international investors that the ports-to-power empire’s finances are under control. As much as $153 billion in combined market value was erased from company stocks following a January short seller’s report.

1 year ago·India

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Bloomberg

Adani Met Pimco, BlackRock for Potential Private Bond Placement

Adani Group executives met US investors, including from BlackRock Inc., Blackstone Inc. and Pacific Investment Management Co., as part of its plans to market privately placed bonds for some of its group companies, according to people familiar with the matter.

1 year ago·United States

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