Adani Ports raises $500 mn by selling bonds to overseas investors 

January 30, 2021: Adani Ports and Special Economic Zone (APSEZ), the ports & logistics company of Adani Group, priced a $500 million 10 years bullet senior unsecured USD note issuance at a fixed coupon of 3.10 percent on January 26, 2021.  

“The offering received tremendous participation from marquee investors across key markets and geographies which enabled the order book to build around 6x leading to tightening of spreads and pricing under fair value,” says the release. 
 
This was the second issuance for APSEZ and third for the port vertical company of Adani Group in the current financial year with total issuance amounting to over $1.50 billion.

Karan Adani, CEO and Whole Time Director of APSEZ said, “Current issuance is part of our capital management program to extend debt maturity and refinance debt well in advance of maturity. The strong global demand has enabled us to price the issuance at the most competitive rate in APSEZ history.”