Ratings agency Moody’s has confirmed (paywalled) that Adani Group has had to pay back the US$500m of bonds issued by its NQXT coal port (formerly Adani Abbot Point Terminal) from its own pocket. The bonds matured on 15 December 2022. NQXT, situated in the Great Barrier Reef World Heritage Area, … Read More
Adani failing to refinance Abbot Point debt as creditors walk away
6 August 2020 Despite its best efforts, it seems Adani has so far failed to refinance Abbot Point Coal Terminal’s (AAPT) debt, with the company having to repay a total of $270 million for maturing loans and bonds due in 2020. Dipping into its own pocket to pay back the … Read More