Adani Ports and Special Economic Zone (APSEZ) recently announced that it successfully raised Rs 500 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. Let’s explore the details of this fundraising initiative.

Bond Details

In a regulatory filing, APSEZ revealed that it accepted bids totaling Rs 500 crore for two listed bonds. These bonds have different maturity periods, with one maturing in five years and the other in 10 years. The company allotted 50,000 rated, secured, listed, redeemable, non-convertible debentures (NCDs) with a face value of Rs 1,00,000 each.

Fund Utilization

The funds raised through this bond issuance will be utilized to support various operational and developmental initiatives undertaken by APSEZ. These initiatives aim to enhance the efficiency and capacity of its port infrastructure, ensuring continued growth and competitiveness in the maritime sector.

Listing on BSE

The NCDs issued by APSEZ will be listed on the wholesale debt market segment of the Bombay Stock Exchange (BSE). This listing provides investors with an opportunity to trade these bonds in the secondary market, enhancing liquidity and investment flexibility.

APSEZ’s Position in the Industry

APSEZ holds a prominent position in India’s port infrastructure landscape. As the largest port developer and operator in the country, it manages seven strategically located ports and terminals on the west coast, along with an equal number on the east coast. Collectively, these facilities account for approximately 26% of the nation’s total port volumes.

In conclusion, the successful issuance of NCDs reflects investor confidence in APSEZ’s financial stability and growth prospects. The funds raised will enable the company to continue its strategic expansion and contribute to the development of India’s maritime infrastructure.