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Adani Ports completed a cash tender offer to repurchase up to $495mn of senior notes, as part of its debt management strategy, with final settlement expected on 16 March 2026. The buyback covered $345.14mn of 4.0% 2027s and $150mn of its 3.1% 2031s, reaching the maximum acceptance amount for both tranches. The tender process ran from the early deadline on February 24 until the final expiration on March 11, with additional small tenders received after the early deadline. The initiative reflects the company’s effort to actively manage its capital structure and reduce outstanding debt, and it indicated that similar liability management exercises may be undertaken depending on market conditions.
Its 3.1% 2031s were stable at 90.1, yielding 5.44%
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