Adani Ports to raise $700 million via bonds on private placement basis

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Tuesday, Ahmedabad headquartered port sector major – Adani Ports and Special Economic Zone Ltd said of conducting the company board meeting on Friday – July, 12 – 2019 to consider fund raising via US$  700 million bonds.

The filing submitted to the exchange read that, Meeting of the Board of Directors of the Company will be held on Friday, 12th July, 2019 to consider raising funds by way of issuance of US$ denominated foreign currency bonds (“Bonds”) which may be issued in one or more tranches overseas.

This bonds may be listed in any one or more  stock exchanges overseas, for refinancing of existing notes due on July, 2020 in accordance with applicable law and other permissible end uses as per the Reserve Bank of India guidelines.

Provided that the total amount does not exceed US$ 700 million on a private placement basis or otherwise, to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Bonds under applicable laws, the filing read.

For more details, please click the link, given here : https://buff.ly/2YRQTEE


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