Adani Dollar Bond Coupon Payments Near

The conglomerate backed by Indian tycoon Gautam Adani has coupon payments due this week on its dollar bonds as fallout spreads from a short seller’s report. Bed Bath & Beyond missed interest payments due on Feb. 1 on its bonds a week after receiving a default notice from lenders.

• The spread on the Markit CDX North American Investment Grade Index, which rises with increased credit risk, opened about a quarter of a basis point wider to trade at 68.7 basis points at 7:25 a.m. in New York
• Two Adani units face a combined $34.7 million of coupon payments due …