Adani Ports and Special Economic Zone Ltd (APSEZ) today said its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.
“The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to $500 million and has approved the pricing, tenure and other terms,” APSEZ said in a BSE filing.
The $500-million issue will mature on January 19, 2022, and interest rate on the notes is payable at 3.95 per cent semi-annually.
Earlier this week, APSEZ had said it is contemplating issuing foreign currency denominated bonds.
APSEZ is the country’s largest ports developer and operator.