Barclays, Standard Chartered and Deutsche Bank AG are among banks that lent Adani $4.5-billion to finance the purchase of Holcim cement assets last year. A portion of that loan is due on 9 March.
The lenders were in talks to refinance the loan up to a week before the critical report from Hindenburg Research was published, according to people familiar with the matter. Those negotiations stalled after the report alleging fraud led to a massive selloff, chilling the banks’ willingness to refinance, the people said, asking not to be identified discussing a private matter.
The development is the first concrete sign that global banks are becoming more wary of financing Adani’s empire and coincides with
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Adani stocks rebound as the group moves to repair debtDe-leveraging is expected to be the immediate focus for the next year, says analyst
La source: BDliveSA - 🏆 12. / 63 Lire la suite »