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Adani Ports to buy back another $195 million of its 2024 bond
Mint Mumbai
|September 28, 2023
Adani Ports and Special Economic Zone Ltd. will buy back as much as $195 million of its 2024 bond, as the Indian conglomerate backed by billionaire Gautam Adani seeks to move on from the allegations levied by a US shortseller
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The 3.375% notes jumped the most since April on news the company would pay $975 for every $1,000 in principal for debt tendered by 11 October. Thereafter, the offer price drops to $965 per $1,000, it said in a statement on Wednesday.
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