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Ennore Port plans to raise up to Rs.2,500 crore via tax-free bonds

Ennore Port’s term sheet says firm is issuing 10-year bonds at 7.03% and 15-year bonds at 7.19%
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First Published: Tue, Feb 12 2013. 10 14 AM IST
A file photo of Chennai Port. According to Ennore Port’s termsheet, qualified institutional buyers, corporates and high net worth individuals will be allowed to invest in the bond sale. Photo: Hemant Mishra/Mint
A file photo of Chennai Port. According to Ennore Port’s termsheet, qualified institutional buyers, corporates and high net worth individuals will be allowed to invest in the bond sale. Photo: Hemant Mishra/Mint
Updated: Tue, Feb 12 2013. 10 30 AM IST
Mumbai: Ennore Port has invited 30 arrangers to participate in a fund raising of up to Rs.2,500 crore via a private placement of tax-free bonds, a term sheet obtained by Reuters showed.
The firm is issuing 10-year bonds at 7.03% and 15-year bonds at 7.19%, the document showed.
Qualified institutional buyers, corporates and high net worth individuals will be allowed to invest in the bond sale, according to the termsheet.
Book-building for the issue will take place from 14-21 February and the pay-in has been scheduled for 25 February.
The base size of the issue is Rs.1,500 crore, as per the document. Reuters
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First Published: Tue, Feb 12 2013. 10 14 AM IST
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