Adani Ports and Special Economic Zone plans to raise ₹5,000 crore. This will be through a 15-year non-convertible debenture issue. The issue opens on May 29. The funds will be used for capital expenditure and debt refinancing. This is Adani Ports’ largest bond issuance. The company’s net debt-to-Ebitda ratio has improved. The bonds are rated Crisil AAA.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets