With furtherance to its letters dated July 14, 2021 and July 21, 2021. Adani Ports and Special Economic Zone has informed that the Finance Committee of the Company has approved the issuance of fixed rate senior unsecured notes (the ‘Notes’) aggregating to US$ 750 million and has approved the pricing, tenure and other terms of the Notes. Subject to compliance with applicable laws and regulations and as permitted by the Reserve Bank of India under the guidelines for external commercial borrowings, the Company intends to use the proceeds from this Offering to repay existing indebtedness, for capital expenditures and for general corporate purposes. The Company has received Baa3 (Negative) by Moody’s, BBB- (Stable) by S&P and BBB- (Negative) by Fitch for the Notes. The required details in relation to the above-mentioned issuance are attached.
The above information is a part of company’s filings submitted to BSE.
