Holcim takes a $5 billion currency cover against Adani deal receivables - Economic Times

These derivative bets, said to be of shorter maturities, will cover the exchange rate risk on more than $5 billion as and when the acquisition is completed after all approvals are obtained.

Swiss cement maker Holcim has likely contracted more than $5 billion in exotic derivative contracts with JP Morgan and Standard Chartered as a currency hedge against receivables from the sale of and … [+2956 chars]

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