India’s Adani dollar bonds continue to fall, hit multi-year lows

THE FPO CLOSES TOMORROW THE RETAIL AND HNI PORTION,HAS BOMBED ! THE NSE PRICE IS 10-20%,BELOW THE FPO NOW WE COME TO QIB ETC. IHC ABU DHABI, IS A HOLDING COMPANY,LIKE AEL. IHC HAS INVESTMENTS IN ALL CONTINENTS, BESIDES NORTH AMERICA, AND SOUTH AND CENTRAL AMERICA. GEOGRAPHICAL RISK MITIGATION AND ALLOCATION, REQUIRED INVESTMENT IN AEL - AS NO COUNTRY HAS INFRA GROWTH EXPECTED,,LIKE INDIA ! SO IF ANOTHER COVID OR WAR SHUTS DOWN EU/ AFRICA - AEL WILL BAIL OUT IHC AEL HAS NO INVESTMENT IN PRC INFRA, AS PRC DOES NOT NEED, IHC MONEY ! SO IHC IS NOT THE TEST OF SUCCESS,OF FPO ! FPI AND FII ARE THE TEST OF SUCCESS ! IT IS A TESTAMENT TO THE BUSINESS MODEL, VALUATION MODEL AND PROJECTIONS OF AEL ! LIC/GIC/OIC/OIL PSU do not COUNT.THEY ARE STOOGES OF CHAIWALA ! INDIAN FIs AND BANKS,WILL BAIL OUT THE FPO - ELSE IT WILL START THE IMPLOSION OF ADANI AND THE INDIAN BANKING SYSTEM ! IT IS NO BRAINER ! SAMIR SARDANA

ADANI CONCERN IS THE FPO. BOND PRICES DO NOT REALLY MATTER AS THE BONDS ARE BEING SERVICED AND ARE ALL SECURED BY ASSETS,POSSIBLY WITH AN ESCROW &A PASS THROUGH,ON PPA & CONCESSION TERMS ADANI TRANSMISSION IS ALMOST A GUARANTEED PAT BUSINESS ADANI GREEN TARRIFF HAS ALL IMPUTED,MARGINAL & OPPORTUNITY COSTS BUILT INTO THE PPA BUT THE BET IN THE HINDOO BINDOO GROWTH STORY IS NOT VIA THE ABOVE 2 COMPANIES. IF A PII THINKS THAT CHAIWALA LA-LA LAND WILL GROW AT 5-8% , THEN THE 1ST BET IS THE "SWIFT" PHYSICAL INFRA - WHCIH IS THE PORT OF IMPORT/EXPORT.. THE PORT IS THE START AND END,OF THE LA-LA STORY,THEN COMES THE INDUSTRY,BANKS,ROADS,MARKETS ,DEMOGRAPHY ...... THEREIN COMES ADAN PORTS.SO THE ADANI PORT BONDS ARE SECURE,.EVEN IF THERE IS A DEPRESSION OR COVID,THE BONDS WILL BE SERVICED THE BONDS ARE FLOATED TO FINANCE FUTURE GROWTH,OF THE BUSINESS -UNLIKE AEL WHICH IS RAISING CAPITAL,TO FINANCE "NEW" IDEAS,FOR WHICH,NO ONE WILL GIVE DEBT