{"id":550233,"date":"2023-01-27T10:19:43","date_gmt":"2023-01-27T04:49:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550233"},"modified":"2023-01-27T11:59:17","modified_gmt":"2023-01-27T06:29:17","slug":"gautam-adanis-us-dollar-bonds-fall-after-report-by-hindenburg-research","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gautam-adanis-us-dollar-bonds-fall-after-report-by-hindenburg-research\/","title":{"rendered":"Gautam Adani&#8217;s US dollar bonds fall after report by Hindenburg Research"},"content":{"rendered":"<p>A raft of bonds tied to Indian billionaire Gautam Adani fell further Thursday after a short seller accused his conglomerate of stock manipulation and accounting fraud.<\/p>\n<p>At least five dollar bonds issued by Adani group companies were indicated down by more than a cent as of 10:35 a.m. in Hong Kong, extending a selloff after Nate Andersen\u2019s Hindenburg Research said it has taken a short position in these firms via US-traded notes and non-Indian-traded derivative instruments.<\/p>\n<p>Among the biggest losers are Adani Ports and Special Economic Zone\u2019s 2024 notes that fell by 5.1 cents on the dollar, the biggest single-day drop since April 2020, Bloomberg-compiled prices show. Adani Group entities saw their bond prices fall anywhere between about 1 and 14 cents on the dollar Wednesday, according to Bloomberg\u2019s BVAL valuation service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A raft of bonds tied to Indian billionaire Gautam Adani fell further Thursday after a short seller accused his conglomerate of stock manipulation and accounting fraud. At least five dollar bonds issued by Adani group companies were indicated down by more than a cent as of 10:35 a.m. in Hong Kong, extending a selloff after Nate Andersen\u2019s Hindenburg Research said it has taken a short position in these firms via US-traded notes and non-Indian-traded derivative instruments. Among the biggest losers are Adani Ports and Special Economic Zone\u2019s 2024 notes that fell by 5.1 cents on the dollar, the biggest single-day [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550233","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550233"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550233\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}