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Unprecedented response to Adani International Container Terminal Private Limited s maiden USD Bond Issuance
Posted On: 2020-12-27 20:57:16 (Time Zone: Arizona, USA)
Adani International Container Terminal Private Limited (AICTPL) settled its first USD 300 mn public USD bond issuance on 21st December 2020. The issue witnessed large participation from marquee real money investors with interests coming from around 220 accounts leading to approx. 10 times oversubscription. The issue of ~10 Years was priced at par to yield 3.00% which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years.
The investors were attracted by its strong shareholders, Adani Ports and Special Economic Zone Limited (APSEZ) & Terminal Investment Limited (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.
Intraday, shares of APSEZ made a 52-week high at Rs 492.85 per share on the BSE. Barclays, Citigroup, DBS Bank, MUFG, and Standard Chartered were global coordinators, book-runners, and lead managers. AICTPL is a container terminal operating company based out of Mundra, with capacity of over 3.1 million TEUs. The quay length of 1460 meters and a deep draft of 17.5 meters makes AICTPL a prime destination for transshipment cargo. However, shares of APSEZ ended at Rs 483.75 per share, up 1.14 percent from previous close with market capitalisation at Rs 98,285.99 crore. Dear Reader,
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Adani International Container Terminal lists USD 300-million bonds on India INX
Adani International Container Terminal lists USD 300-million bonds on India INX
BSE s India International Exchange (India INX) on Tuesday said Adani International Container Terminal Pvt Ltd has listed USD 300-million foreign currency bond on its platform.
The bonds have been listed on the global securities market (GSM) platform of India INX at GIFT-IFSC, the exchange said in a statement.
The issuer has raised the funds at a competitive rate of three per cent for the senior secured notes maturing in 2031, it added.
India INX has been the leading listing platform for listing of overseas instruments at GIFT-IFSC.
Adani Ports share rises 2% as firm s joint venture to raise $300 million
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages
BusinessToday.In | December 15, 2020 | Updated 14:34 IST
Market capitalisation of the stock stood at Rs 97,199 crore today
Adani Ports and Special Economic Zone share gained over 2% on Tuesday after the company said its joint venture would raise $300 million.
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages. Market capitalisation of the stock stood at Rs 97,199 crore today.