In today’s briefing:
- Adani Green Energy – Event Flash – US Charges Gautam Adani And 2 AGEL Executives
- Adani Ports – Event Flash – US Charges Gautam Adani And 2 AGEL Executives – Lucror Analytics
- Adani Green Energy – ESG Report – Lucror Analytics
- Lucror Analytics – Morning Views Asia
Adani Green Energy – Event Flash – US Charges Gautam Adani And 2 AGEL Executives
- The US indictment of key executives is a material credit negative for the Adani Group, with the allegations being more serious than those from Hindenburg Research’s short-sell report in January 2023.
- In the near term, the US indictment is likely to constrain the group’s access to financing, particularly in the offshore market.
- We note that the Justice Department’s charges are directed at the individual executives, not at Adani Green Energy or other group entities.
Adani Ports – Event Flash – US Charges Gautam Adani And 2 AGEL Executives – Lucror Analytics
- The US indictment of key executives is a material credit negative for the Adani Group, with the allegations being more serious than those from Hindenburg Research’s short-sell report in January 2023.
- In the near term, the US indictment is likely to constrain the group’s access to financing, particularly in the offshore market.
- We note that the Justice Department’s charges are directed at the individual executives, not at Adani Green Energy or other group entities.
Adani Green Energy – ESG Report – Lucror Analytics
- Adani Green Energy Limited (AGEL) is one of the world’s largest developers and operators of solar and wind power.
- The company’s assets are geographically diversified across India, with total locked-in capacity of 20.4 GW (of which 10.9 GW was operational as of June 2024).
- AGEL is listed on the Bombay Stock Exchange and National Stock Exchange of India.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: China Vanke, Gajah Tunggal, ReNew Energy, Adani Green Energy, Bharti Airtel, UPL Limited
- Treasuries fell yesterday, with yields up 1-3 bps across the curve following a soft auction of 20Y notes.
- The yield on the 2Y UST rose 3 bps to 4.32%, while that on the 10Y UST was up 1 bp at 4.41%.
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