Adani dollar bonds tumble after US bribery chargesPrices for Adani Port and Special Economic Zone debt maturing in August 2027 fell more than five cents on the dollar, according to LSEG data.
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The Adani Enterprises logo atop a building.
Credit: Reuters File Photo
Singapore: Dollar bond prices for Adani companies fell sharply in early Asia trade after the Indian conglomerate's billionaire chairman was indicted in New York over allegations of bribery and fraud.
Prices for Adani Port and Special Economic Zone debt maturing in August 2027 fell more than five cents on the dollar, according to LSEG data.
Adani Electricity Mumbai debt maturing in February 2030 fell nearly eight cents and dollar bonds issued by Adani Transmission also notched falls larger than five cents.