Adani Ports sees more offers at dollar bond buyback than planned India’s Adani Ports and Special Economic Zone has received offers worth about $213 million under its dollar bond buyback, but will accept only $195 million as announced earlier, the company said in an exchange filing on Thursday. The company had late September initiated buyback of 3.375% senior notes maturing in July 2024 and had said it plans to keep buying the outstanding notes over the next three quarters for cash. The outstanding for this bond stands at $520 million, according to data from LSEG. The yield on this note has dropped around 40 basis points since the company floated the buyback tender and was last at 8.43%.
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