unsecured notes raised at a fixed coupon of 3.10;

Editor’s Synopsis

  • APSEZ priced its 10 Year senior unsecured notes issuance at 3.10 % with marquee investors across all geographies;
  • Strong overall demand with book size of around 6x;
  • Third issuance for the port vertical company in FY 21, total issuance over USD 1.50 billion;
  • Improves the average life of long term debt to over 6 years.

Ahmedabad, January 28, 2021: Adani Ports and Special Economic Zone Limited (‘APSEZ’), the ports & logistics company of the diversified Adani Group, successfully priced a USD 500 million 10 years bullet senior unsecured USD note issuance at a fixed coupon of 3.10 % on January 26, 2021.  


The offering received tremendous participation from marquee investors across key markets and geographies which enabled the order book to build around 6x leading to tightening of spreads and pricing under fair value.


This was the second issuance for APSEZ and third for the port vertical company of Adani Group in the current financial year with total issuance amounting to over USD 1.50 billion.

Mr. Karan Adani, CEO and Whole Time Director of APSEZ said, “Current issuance is part of our capital management program to extend debt maturity and refinance debt well in advance of maturity. The strong global demand has enabled us to price the issuance at the most competitive rate in APSEZ history.”