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Bond Market News
Adani Ports to Buyback $1bn of Its Notes
June 2, 2025
Adani Ports approved a tender offer of its outstanding senior notes up to $1bn, in one or more tranches, over the next six financials quarters, as per an exchange filing. The decision was made at the Board meeting on Saturday to announced its 4Q25 result. The company has authorized its Finance Committee to determine the timing, detailed terms, and conditions thereof. In FY25, the company’s revenue jumped 16% YoY to INR 311bn ($3.6bn) with its EBITDA witnessing a growth of 20% YoY to INR 190bn ($2.2bn). During the year, the company completed multiple strategic goals like commencement of Vizhinjam and Colombo port and approval for the acquisition of NQXT Australia.
Dollar bonds of Adani Ports jumped by ~2 points across the curve in Friday’s session with its 4.2% 2027s currently trading up at 96.4, yielding 5.99%.
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