Business Companies 12 Jan 2017 Adani Ports to raise ...

Adani Ports to raise $500 million via foreign currency bonds

PTI
Published Jan 12, 2017, 11:09 am IST
Updated Jan 12, 2017, 11:09 am IST
Issue will mature on Jan 19, 2022 and interest rate on notes payable at 3.95 per cent semi annually.
Adani group chairman, Gautam Adani.
 Adani group chairman, Gautam Adani.

New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) today said its board has approved raising USD 500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.

"The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to USD 500 million and has approved the pricing, tenure and other terms," APSEZ said in a BSE filing.

 

The USD 500 million issue will mature on January 19, 2022 and interest rate on the notes is payable at 3.95 per cent 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.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT