Adani Ports bonds issue: DB backed out on green concerns

New Delhi: Deutsche Bank was denied internal clearance to act as an arranger for Adani Ports and Special Economic Zone’s $500 million bond issue that was launched on Tuesday due to environmental concerns flagged by the Frankfurt-headquartered lender’s sustainability committee, said people in the know.The Adani group company was in discussions with a group of international banks to act as arrangers for the issue, ET had reported on Monday.