Adani Group’s container terminal subsidiary raises $300 mn via dollar bonds
Adani International Container Terminal Pvt Ltd has raised $ 300 million by issuing dollar bonds to international investors.
The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times.
The company’s 10 year bond was priced at par to yield 3 percent which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, said a statement from the company.
The investors were attracted by its strong shareholders, APSEZ & TiL, and their combined business strengths embedded in the company, backed by the credit quality of the issuance supported by investment grade rating affirmation by all 3 international rating agencies.
Adani International Container Terminal Pvt Ltd has raised $ 300 million by issuing dollar bonds to international investors. The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times. The company s 10 year bond was priced at par to yield 3 percent which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, said a statement from the company. The investors were attracted by its strong shareholders, APSEZ & TiL, and their combined business strengths embedded in the company, backed by the credit quality of the issuance supported by investment grade rating affirmation by all 3 international rating agencies.
Mumbai |
Updated on
December 28, 2020
Adani Ports and Special Economic Zone is the only company from India to have been included in this sector - KSL
Adani Ports and Special Economic Zone is the only company from India to have been included in this sector - KSL×
The maiden bond issue of an APSEZ JV Co sets the stage for more such issuances
Adani International Container Terminal Pvt Ltd (AICTPL) has raised $300 million in bonds, the first by a joint venture company of Adani Ports and Special Economic Zone Ltd (APSEZ), setting the stage for other joint venture and subsidiary companies of the group to tap the capital market.
Adani International Container Terminal s USD bond issuance oversubscribed 10 times
AICTPL, a JV between Adani Ports and Special Economic Zone (APSEZ) and Terminal Investment Ltd (TIL), is a container terminal operating company based out of Mundra, having an annual capacity of handling over 3.1 million TEUs (twenty foot equivalent units). PTI
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Adani International Container Terminal Pvt Ltd (AICTPL) on Monday said its maiden $300 million bond issuance witnessed 10 times oversubscription.
AICTPL, a JV between Adani Ports and Special Economic Zone (APSEZ) and Terminal Investment Ltd (TIL), is a container terminal operating company based out of Mundra, having an annual capacity of handling over 3.1 million TEUs (twenty foot equivalent units).
Unprecedented response to AICTPL s maiden bond issuance bangladeshsun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangladeshsun.com Daily Mail and Mail on Sunday newspapers.