Debt

Debt financing

Adani Ports attracts $150-M from DBS

Economic Times  

Adani Ports & Special Economic Zone Ltd. raised about $150 million through a bilateral loan agreement with DBS Group Holdings Ltd. The proceeds of the four-year dollar loan will be used for capital expenditure. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate. The all-in-price, including the hedging cost, is about 5.5%.