Adani conglomerate to hold Asia fixed income roadshow next week

24 Feb 2023 , 10:24 AM

As per the reports, Adani Group will be going to hold Asia fixed-income roadshow next week. This is to repair the damage caused by a shock short-seller Hindenburg Research report.

The group will hold a roadshow in Singapore on February 27 and 28 to March 1 in Hong Kong. The empire of Indian billionaire Gautam Adani is boosting outreach to investors after its bonds and stocks have slumped over the past month following a critical report from Hindenburg Research.

Barclays Plc, BNP Paribas SA, DBS Bank Ltd., Deutsche Bank AG, Emirates NBD Capital, ING, IMI-Intesa Sanpaolo SpA, MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank have extended the invitation for the roadshow.

The Adani Group had tapped international bond buyers for more than $8 billion in recent years, while also turning to global banks for at least as much in foreign-currency loans, as per the data compiled by Bloomberg show.