New Delhi, May 30 -- Adani Ports and Special Economic Zone (APSEZ) on May 30 said it has successfully raised Rs.5,000 crore through a 15-year Non-Convertible Debenture (NCD), fully subscribed by the Life Insurance Corporation of India (LIC).

The debentures will be listed on the BSE, and is locked at 7.75 per cent coupon rate, backed by Adani Ports' 'AAA/Stable' domestic credit rating, the company informed the exchanges.

Ashwani Gupta, Whole-time Director & CEO, Adani Ports noted that this "isn't merely a financing exercise", but a proactively developed capital management plan for Adani Ports. "This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility," Gupta said.

Debent...