Adani Ports Raises $750 Million From Global Markets

 Adani Ports Raises $750 Million From Global Markets

Adani Ports and Special Economic Zone Ltd (APSEZ) has raised $750 million (around Rs 5,582 crore) through issues of bonds, including a 20-year unsecured bond issue, from the global markets.

The company claimed that it has become the first infrastructure company in India to successfully raise 20 years money from international markets.

According to a statement, the coupon rates for the 10.5-year and 20-year dual-tranches bonds were fixed at 3.8 percent and 5 percent, respectively.

“The issuances were closed on July 26, 2021 and was oversubscribed by over 3 times. APSEZ has continued to receive exceedingly strong participation (for its successive bond offerings) from its high-quality real money investors across all geographies,” it said.

The company said this issuance establishes the Adani Group as India’s leading issuer with the ability to access international capital markets across all market cycles.

“APSEZ is the only infrastructure…

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