Adani dollar bonds rally from record lows after UAE royal boost

A note from one of the group’s key units, Adani Ports Special Economic Zone Ltd., rose 3.4 cents on the dollar to 68.8 cents as of 9:47 a.m. in Hong Kong. That pares its drop since US-based short seller Hindenburg Research last week alleged “accounting fraud” at Adani group to about 10 cents.

from Moneycontrol Business News https://ift.tt/NqUpKrm