India's Adani dollar bonds edge higher after sharp dive
SINGAPORE, Jan 31 (Reuters) - Dollar bonds issued by entities of India's Adani Group rose on Tuesday after a sharp dive in the past few days following a scathing report by a U.S. short seller that triggered a rout in the conglomerate's listed firms.
U.S. dollar-denominated bonds issued by Adani Ports and Special Economic Zone continued their fall into a second week, with the bond maturing in August 2027 gaining
about 4.3 cents to 78.05 cents, coming off multi-year lows it touched on Monday.
International bonds issued by Adani Green Energy, Adani Economic Zone (APSE.NS), Adani Transmission (ADAI.NS) and Adani Electricity Mumbai also edged higher.
Our Standards: The Thomson Reuters Trust Principles.
Read Next
- WorldGhana unions request time to mull $2.7 bln pension fund restructuring offer
Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around 30 billion Ghanaian cedis ($2.7 billion).
- CurrenciesPakistan central bank's forex reserves fall $102 million to $4.09 bln in week ended May 26
Pakistan's central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended May 26, the central bank said in a statement.
