Adani Bonds Sink, Indian Parliament Shuts Amid Bribery Uproar

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Prices of Adani bonds fell further on Monday, while parliament was suspended amid an uproar over US charges laid against billionaire Gautam Adani, who has close ties with PM Narendra Modi

The post Adani Bonds Sink, Indian Parliament Shuts Amid Bribery Uproar appeared first on Asia Financial.

Some global banks are considering temporarily halting fresh credit to the company after the US indictment but maintaining existing loans, according to several bankers spoken to by Reuters, raising questions about its access to future funding.“In the near-term, the US indictment is likely to constrain the group’s access to financing, particularly in the offshore market,” a Lucror Analytics note published on Smartkarma said.

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Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaIndiaSingaporeThailand

Topics: Bonds Market Insights World Energy Insights New Energy ESG Carbon West Asia Energy Asia Regions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 10:25:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 1334 words

Reading Time: 8 minutes read

Sentences: 51 lines

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Copyright Owner: © Asia Financial

News ID: 23824127

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