Adani Ports raises $750-M via long term bonds

Publicly listed Adani Ports and Special Economic Zone Ltd (APSEZ) has raised USD 750 million (around INR 5,582 crore) through issue of long term bonds in the global markets. The coupon rates for the 10.5-year and 20-year dual-tranches bonds were fixed at 3.8% and 5%, respectively. The managers to the transaction were Axis Bank, Barclays, Citigroup, DBS Bank, Emirates NBD, JP Morgan, Merrill Lynch, Mizuho Securities, MUFG Securities, SMBC Nikko, and Standard Chartered Bank.