Barclays, BNP Paribas, DBS Bank, Deutsche Bank, Emirates NBD Capital, ING, IMI-Intesa Sanpaolo, MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are the banks organising next week's roadshow, according to the document. (Reporting by Davide Barbuscia; Additonal reporting by Dharamraj Dhutia in Mumbai; Writing by Chris Thomas; Editing by Christopher Cushing)
NEW YORK, Feb 24 (Reuters) - India's Adani Group will
hold a fixed-income roadshow next week in Asia, according to a
bank document seen by Reuters, as the beleaguered conglomerate
tries to shore up investor confidence in the aftermath of a U.S.
short-seller report.
Adani group executives, including group Chief Financial
Officer Jugeshinder Singh, will attend the roadshows in
Singapore on Feb. 27, and Hong Kong on Feb. 28 and March 1, the
document showed.
Seven listed companies of the group led by billionaire
Gautam Adani have lost over $140 billion in market value since a
Jan. 24 report by Hindenburg Research alleged the group
improperly used offshore tax havens and manipulated stock, and
flagged concerns over its high debt levels.
Adani has rejected the allegations and denied wrongdoing.
Dollar bonds of Adani Group were largely trading lower on
Friday. Bonds of Adani Ports maturing in February 2031
led the losses, while some notes of Adani Green Energy were marginally higher.
Adani has already held calls with bondholders earlier this
month in attempts to assuage investor concerns, where group
executives revealed refinancing plans at some of its units and
also plans to completely pre-pay all loans against shares.
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