Adani Ports Set to Re-Enter Local Debt Market After 17-Month Pause

Adani Ports and Special Economic Zone plans to re-enter the domestic bond market after a 17-month break with a record ₹5,000 crore ($583.57 million) bond issue, its largest-ever rupee-denominated and longest-tenor (15-year) issuance. Bids have been invited, with a likely coupon of 7.75%. This marks the company's first local bond fundraising since early 2024. The bonds are rated AAA by Crisil, Icra, and Care. Adani has faced SEBI scrutiny following Hindenburg Research’s 2023 allegations of tax haven misuse, which the group denies. In November, US authorities accused the group of bribery—claims the company has called baseless.