Adani Ports and Special Economic Zone’s (APSEZ) Finance Committee has approved the preliminary offering circular in relation to a proposed issuance of foreign currency denominated bonds by the company.
Further, the company has appointed intermediaries for organizing investor meetings for the proposed foreign currency denominated bonds issue. The foreign currency denominated bonds offering may follow, subject to market conditions.
The company has been rated Baa3 by Moody’s, BBB- by S&P and BBB- by Fitch and is expecting the same ratings for its foreign currency denominated bonds.
Adani Ports and Special Economic Zone (APSEZ) is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.
| Company Name | CMP |
|---|---|
| Adani Ports &Special | 1520.00 |
| JSW Infrastructure | 269.35 |
| Gujarat Pipavav Port | 154.25 |
| Paradeep Parivahan | 144.60 |
| View more.. | |
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