BackAdani Ports to raise $500 million via foreign currency bonds
Adani Ports $500 million issue will mature on 19 January 2022 and interest rate on the notes is payable at 3.95% semi annually
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New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said its board has approved raising $500 million (over Rs3,400 crore) by issuing foreign currency denominated bonds.
“The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to $500 million and has approved the pricing, tenure and other terms," APSEZ said in a BSE filing.
The $500 million issue will mature on 19 January 2022 and interest rate on the notes is payable at 3.95% semi annually.
Earlier this week, APSEZ had said it is contemplating issuing foreign currency denominated bonds. APSEZ is the country’s largest ports developer and operator.
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