MUMBAI: Most Adani group dollar bonds have climbed out of distressed territory after the company said it will address upcoming maturities, the latest boost to investor sentiment in recent days after an initial rout sparked by a US short-seller report.
Adani Electricity Mumbai Ltd’s dollar bond maturing in 2031 rose 1.1 cent to 72.3 cents as of 11:07 a.m. in Hong Kong, according to data compiled by Bloomberg. Just three of 15 Adani Group US currency notes are below the 70 cents on the dollar level that’s generally considered as being distressed.
