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Bond Market News
Adani Group Secures $275mn Funding via Foreign Currency Loans
August 21, 2025
Adani Group has secured about $275mn through two foreign currency loans as it continues to expand its borrowings. Adani Airport Holdings raised $150mn via a syndicated loan from banks including Barclays, DBS, First Abu Dhabi Bank, and MUFG. Adani Ports obtained $125mn in a bilateral transaction with MUFG. Over the past six months, the Adani group has secured more than $10bn in new credit facilities, equivalent to about one-third of its total debt. S&P highlighted this strong access to credit in its recent decision to revise the outlook on three Adani units. The airport loan was priced at SOFR+300bp, and the ports loan at SOFR+215bp, with four-year maturities each. Proceeds will go toward dollar bond buybacks and capital spending. This follows a $750mn fundraising in June by Mumbai International Airport, also under Adani, to refinance debt and fund expansion.
Adani’s dollar bonds traded marginally weaker with its 4% 2027s down at 97.3, yielding 5.3%
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