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Adani Ports raises Rs 5,000 crore through NCDs
May-31-2025

Adani Ports and Special Economic Zone (APSEZ) has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). Backed by company’s strong financials and a ‘AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75% p.a. and was fully subscribed by LIC. The debentures will be listed on the BSE. 

The issue shows company’s deep access to long-term capital from diversified sources at attractive pricing and significantly enhances its debt maturity profile. The transaction highlights company’s access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history. The Proceeds will fund a proposed buyback of APSEZ’s US Dollar bonds, pending board approval on May 31, 2025. A full subscription would extend the average debt maturity significantly longer -- from 4.8 years to 6.2 years.

Adani Ports and Special Economic Zone (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country.

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