Adani in talks for $400m debt against Australian coal port assets

Recent disclosures show that the Adani group promoters own 100% equity in the Australian port asset. People cited above told ET that the group has begun talks with several large high-yield global credit funds, and has so far received two indicative term sheets from potential lenders. “The group is trying to raise the funds against the cash flows of NQXT with an objective to upstream the funds for further payments elsewhere,” said one of the persons cited above.

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