Mumbai, 5/3: The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost $2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors.
The apples-to-airport conglomerate borrowed over $10 billion in foreign currency bonds between July 2015 and 2022 across group companies. Of this, $1.15 billion of bonds matured in 2020 and 2022.
There are no maturities in 2023 but three issuances – $650 million by the ports arm APSEZ and two of renewable energy unit Adani Green Energy Ltd ($750 million and and $500 million – are due for payment in 2024.
Comments are closed.