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The issue, locked in a competitive coupon rate of 7.75%, was fully subscribed by LIC. The debentures will be listed on the BSE, the company said in a statement.
| Photo Credit: INDRANIL MUKHERJEE
Adani Ports and Special Economic Zone Lt.d (APSEZ), said it has raised ₹5,000 crore through a 15-year Non-Convertible Debenture (NCD).
The issue, locked in a competitive coupon rate of 7.75% p.a., was fully subscribed by LIC. The debentures will be listed on the BSE, the company said in a statement.
“The issue shows APSEZ’s deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ’s debt maturity profile. The transaction highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history,” the company said.
The proceeds will fund a proposed buyback of APSEZ’s US Dollar bonds, pending board approval on 31 May 2025. A full subscription would extend the average debt maturity significantly longer—from 4.8 years to 6.2 years.
“This isn’t merely a financing exercise; it’s a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources. This plan is designed to support APSEZ with its long-term vision to become the world’s largest integrated transport utility,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ in a statement.
Published – May 30, 2025 08:56 pm IST
