APSEZ becomes the first infrastructure sector in the country to raise funds for 20 years

Businessman Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) has been able to raise about Rs 55 billion 89 crore ($750 million) in senior unsecured USD notes issues. APSEZ will do this work in two different parts of 20 years and 10.5 years. The company will apply this on a fixed coupon of 5 percent for 20 years and 3.8 percent for 10.5 years. It is the first company in the field of infrastructure in India to raise funds from global markets for 20 years.

With this, APSEZ has become the third company within the Adani Group to issue long-term bonds. Prior to that, Adani Green Energy Limited (AGEL) and Adani Transmission Limited (ATL) have also issued long-term bonds. According to the APSEZ statement, the company’s bond issue closed on July 26, 2021 and was oversubscribed more than three times. At the same time, the company has said that it is continuously getting participation from large investors for its bonds from all over the world.

Adani Group’s business model is very strong – CEO Karan Adani

On this achievement, Karan Adani, Director and CEO, APSEZ said, “APSEZ is proud that it is the first company in the infrastructure sector to raise Rs 55 billion 89 crore. This shows that the business of Adani Group How powerful is the model and the labor to implement it. Financial markets around the world have faith in our model.”

Let us tell you that today the shares of APSEZ are trading at Rs 676.7 with a slight decline in the Bombay Stock Exchange (BSE). At present the value of the company is 138165 crores.

read also

Demand to follow the standards of treatment and fees in private hospitals and clinics, Supreme Court issues notice to Center

PM Modi wishes Maharashtra CM Uddhav Thackeray on his birthday, wishes for good health


Leave a Reply

Your email address will not be published. Required fields are marked *