Adani Ports gets timing right with bond return

After avoiding the bond market in November, Adani Ports pulled off an impressive dollar deal this week.

Adani Ports gets timing right with bond return

When executives from Adani Ports Special Economic Zone hit the road to pitch a bond in November, markets were in a tail-spin. Donald Trump had been elected less than a week before, and currency, rate and stock markets were all experiencing bouts of volatility.

That did not rule out a deal. A Chinese local government financing vehicle tapped the bond market just a day after the US election. But after sounding out investors on...

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