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Back Back Adani Green to raise $410 million to refinance 2024 Dollar Bond?

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  Adani Green Energy Ltd. plans to raise about $410 million via new bond issuance to refinance a dollar note maturing in a roughly year’s time, according to a filing to Singapore’s stock exchange.  The refinancing plan for Adani Green’s $500 million Dec. 10, 2024 bond, dated Dec. 8, fulfills a requirement laid out in the terms of the note.  The filing marks the second of its kind in recent days by Adani Group’s solar-energy unit to unveil plans to refinance maturing dollar debt, following another blueprint for repaying a $750 million bond due next September. The finances of billionaire Gautam Adani’s empire have attracted investor attention after US short seller Hindenburg Research accused the conglomerate of corporate fraud earlier this year, allegations that the group has repeatedly denied. Adani executives have taken a variety of steps to reassure investors in the wake of Hindenburg’s January broadside, including prepaying debt and buying back bonds. Just last week, Adani Green rais
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Adani's bond rebound almost erase losses incurred from Hindenburg report

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  By Finbarr Flynn, Saikat Das and Harry Suhartono A rally over the last week was powerful enough to erase some losses on a series of dollar bonds tied to the conglomerate of billionaire Gautam Adani, debt that had dropped after a short seller accused firms owned by Adani of fraud.      The jump came after the group, which strenuously denies the allegations, raised $1.4 billion for a renewables project and published an initial blueprint for refinancing a solar-energy unit’s $750 million dollar bond that matures in September.  That was enough to also add a whopping $37.5 billion in market value to the group’s listed companies, while notes of the corporation’s electricity and power transmission businesses are now within striking distance of their price level before January’s report by Hindenburg Research.  The rebound suggests the conglomerate, once termed “deeply overleveraged” by research firm CreditSights, is finding favor with investors again. The group, whose operations range from c
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Breaking News: RBI Extends Deadline for Exchange of ₹2000 Notes Until October 7.

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  Breaking News: RBI Extends Deadline for Exchange of ₹2000 Notes Until October 7 In a recent turn of events, the Reserve Bank of India (RBI) has announced a significant extension in the deadline for the exchange of ₹2000 notes. This development comes as a relief to many individuals who were concerned about the approaching deadline. Let's delve into the details of this crucial update and understand its implications. The RBI's Bold Move The RBI, in a proactive measure, has extended the deadline for the exchange of ₹2000 notes until October 7. This decision was made to facilitate a smoother transition for individuals who possess these notes. The central bank has taken this step to ensure that everyone has ample time to exchange their ₹2000 notes without any hassle. Why the Extension? The extension of the deadline can be attributed to several factors. One of the primary reasons is the ongoing challenges posed by the global pandemic. With restrictions in place and limited access to
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India Needs to Stop the Bleeding From Canada Killing

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  India Needs to Stop the Bleeding From Canada Killing Rather than simply denying involvement, the government should cooperate as publicly as it can in the investigation of the murder of a Sikh activist. Canadian Prime Minister Justin Trudeau’s dramatic  statement  in parliament that there were “credible allegations” Indian intelligence was behind the murder of a radical Sikh activist in British Columbia came as a shock to many in India for a couple of reasons. For one thing, most of us still believe that we’re the good guys and our government doesn’t do this kind of thing. More importantly, if India actually did conduct an assassination on Western soil — which its foreign ministry strongly  denies  — it would represent a pretty major escalation of the country’s covert struggle against both non-violent dissidents and active supporters of militant separatism abroad. Even the most fervent supporters of the government’s muscular approach to foreign policy should have qualms about that po
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