*CLSA sees low refinancing risk for Adani group even as stocks get hammered*
Global brokerage firm CLSA believes that the refinancing risk for Adani group dollar bonds is low in the near term as redemptions of such bonds are not sizeable.
“As per our analysis, none of the group's $7 billion in FC (foreign currency) bonds mature within the next 18 months. Some $1.9 billion mature in the 2HCY24 (18-24 months from now),” CLSA said in its report.
The report further added that of the group entities, Adani Ports, Adani Transmission and Adani Green together have an outstanding $7 billion worth of overseas bonds. *About 50 percent of these bonds mature beyond calendar 2028,* the report said.
https://www.moneycontrol.com/news/business/markets/adani-group-stocks-clsa-views-on-hindenburg-research-report-9982051.html
By: via Telegram.me/AlliesFin #StockMarket #india
