Adani Ports and Special Economic Zone (APSEZ), one of the largest private multi-port operators,  successfully priced a USD 500 million 10 years bullet senior unsecured USD note issuance at a fixed coupon of 3.10% on Jan. 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.

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."

 Shares of the company was last traded up Rs 0.85, or 0.16% to settle at Rs 519.50.  The total volume of shares traded  was  482,336 at the BSE (Thursday).