Adani Group Offers First Dollar Bond Since Hindenburg Crisis

Adani Group began marketing a $409 million bond in what would be its first dollar note sale after a report last year by short seller Hindenburg Research, adding to signs of a rebound in investor confidence.

The conglomerate’s solar energy unit Adani Green Energy Ltd. and associated firms are offering the 18-year note at initial price guidance in the 7.125% area, according to a person familiar with the matter, who asked not to be identified because the matter isn’t public.