Construction Industry News
Mumbai International Airport Ltd of the Adani Group has postponed a dollar bond offering as market volatility pushes borrowers around the world to adjust their financing plans.
In late February, the operator of India's second largest airport announced that it would meet investors for the proposed issuance in an exchange application. The deal has been postponed due to the turmoil in the financial markets following Russia's invasion of Ukraine.
With global inflation rising and investors braced for higher interest rates, Asian dollar-denominated bond sales outside Japan have fallen to their lowest level since 2016, totaling only about $50 billion so far this year.
