Adani Met Pimco, BlackRock for Potential Private Bond Placement

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.

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.

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.