Adani Group is reported to be in talks with banks about changing the terms of a $3.8 billion loan facility that Adani used towards its purchase of Ambuja Cement in September last year. This might include extending the term of the debt.

The banks include Barclays, Deutsche Bank, Standard Chartered and Mitsubishi UFJ.

Issuers may want to proactively evaluate their options on their existing debt now – given the chance of broad credit market worsening.