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Asian lenders shun Adani's Abbot Point terminal

Taiwanese lender Yuanta Securities Investment Trust has sold $27 million worth of bonds in Adani's Abbot Point coal terminal in Queensland, joining a rapidly expanding list of Asian and global lenders that have shunned the controversial project.

Yuanta was once the second-biggest investor in one of the project's bond issuances, holding more than 5 per cent of a $US500 million issuance due to expire at the end of 2022.

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James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/asian-lenders-shun-adani-s-abbot-point-terminal-20200803-p55i4r