{"id":554742,"date":"2023-02-10T10:57:44","date_gmt":"2023-02-10T05:27:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=554742"},"modified":"2023-02-10T12:56:19","modified_gmt":"2023-02-10T07:26:19","slug":"adani-to-prepay-rs-4100-crore-loan-as-banks-balk-to-refinance","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-to-prepay-rs-4100-crore-loan-as-banks-balk-to-refinance\/","title":{"rendered":"Adani to prepay Rs 4,100 crore loan as banks balk to refinance"},"content":{"rendered":"<p>The Adani Group plans to prepay a Rs 4,100 crore ($500 million) bridge loan due next month after some banks balked at refinancing the debt following a short seller report that sent the group\u2019s assets tumbling.<\/p>\n<p>Barclays Plc, Standard Chartered Plc, and Deutsche Bank AG are among the banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd cement assets last year. A portion of that loan is due March 9.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adani Group plans to prepay a Rs 4,100 crore ($500 million) bridge loan due next month after some banks balked at refinancing the debt following a short seller report that sent the group\u2019s assets tumbling. Barclays Plc, Standard Chartered Plc, and Deutsche Bank AG are among the banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd cement assets last year. A portion of that loan is due March 9. 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 [&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":[146,130,234],"tags":[],"class_list":["post-554742","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554742","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=554742"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/554742\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=554742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=554742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=554742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}