Mumbai (Maharashtra), June 27 -- : Adani Ports and Special Economic Zone (APSEZ) Ltd has launched a 750 million offshore bond sale to repay existing loans and finance capital expenditure.
The funds are planned to be used for capital expenditure, including on-lending to subsidiaries to meet their capital expenditure needs, and for repaying existing debt. The fixed rate unsecured notes will be listed on the Singapore Exchange.
Investment banks Bank of America Merrill Lynch, Standard Chartered Bank, Citi, JP Morgan, and Barclays are managing the offering, APSEZ informed stock exchanges in regulatory filings on Thursday.
APSEZ is a subsidiary of Adani Enterprises providing cargo handling and value-added port services. It is engaged in the bu...