Adani Group dollar bonds rallied on Friday as Gautam Adani was said to be in talks with creditors to prepay some loans in a bid to restore confidence in his business empire.
The notes also pared losses from earlier in the week as Goldman Sachs Group and JPMorgan told some clients that Adani bonds can offer value due to the strength of certain assets. Adani debt has hit a floor in the short term, Goldman Sachs trading executives said in a call Thursday, according to people with knowledge of the matter.
All 15 dollar-debt securities of the group advanced on