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Adani Ports Unit Weighs $350 Million Rupee Bond Issuance

Adani Ports Unit Weighs $350 Million Rupee Bond Issuance

Bloomberg2 days ago
Billionaire Gautam Adani's conglomerate plans to raise about 30 billion rupees ($351 million) through long-term local currency bonds, according to people familiar with the matter, the latest in a string of recent debt raises by the company.
Adani Ports and Special Economic Zone Ltd is in talks with investors to raise the debt in the coming months. The tenor is likely to be long, though details, such as the coupon and maturity, are still being finalized, the people said, who asked not to be identified because the information is confidential.
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