Adani Ports and Special Economic Zone (APSEZ) has received approval from its finance committee for issuance of fixed rate senior unsecured Notes aggregating to $750 million. The committee has also approved the pricing, tenure and other terms of the Notes.
The company intends to use the proceeds primarily for capital expenditure, including on-lending to subsidiaries for capital expenditure purposes, and the remainder for repaying existing indebtedness. The company has received rating ‘Baa3 (Stable)’ by Moody's, ‘BBB- (Stable)’ by S&P and ‘BBB- (stable)’ by Fitch for the Notes.
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 | 1573.10 |
| JSW Infrastructure | 274.35 |
| Gujarat Pipavav Port | 160.85 |
| Paradeep Parivahan | 140.00 |
| View more.. | |
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