Adani Ports Accepts Bids for 15-Year Bonds

May 29, 2025

© Adobe Stock/A2Z AI - stock.adobe.com
© Adobe Stock/A2Z AI - stock.adobe.com

India's Adani Ports and Special Economic Zone, the country's largest private port operator, has accepted bids worth 50 billion rupees ($584.8 million) for bonds maturing in 15 years, two merchant bankers said on Thursday.

The company will pay an annual coupon of 7.75% on the issue, and had invited bids earlier in the day, they said.

The group did not immediately respond to Reuters' email seeking comments. On May 22, the company's board approved raising up to 60 billion rupees through bond sales.

Here is the list of deals reported so far on May 29: 

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Adani Ports

15 year

7.75

50

May 29

AAA (Crisil, Care)

NaBFID

5 year

6.67

21

May 29

AAA (Crisil, Icra)

Jubilant Bevco

3 year

9.15 (yield)

30

June 4

AA (Crisil)

Jubilant Beverages

3 year

9.00 (yield)

26.50

June 4

AA (Crisil)

India Infradebt

5 year and 1 month

7.45

20+2.40

May 30

AAA (Crisil, Icra)


  * Size includes base plus greenshoe for some issues

($1 = 85.4980 Indian rupees)

(Reuters/Reporting by Dharamraj Dhutia; Editing by Varun H K)

Logistics News

New Concrete Wharf Built at Port of Los Angeles

New Concrete Wharf Built at Port of Los Angeles

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Iran, Israel Trade Blame As Commercial Shipping Is Threatened By Conflict

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

Commercial Ships Advised to Keep Distance From Iran Around Strait of Hormuz

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

X-Press Feeders Group, COSCO SHIPPING Lines Partner to Enhance Feeder Connectivity

Subscribe for Maritime Logistics Professional E‑News

Maguire: Asia's one and only LNG hotspot could be about to heat up.
Local newspaper Economic Times reports that India will send the black box of a crashed plane to US.
Ambassador says US is working to evacuate Israeli citizens who wish to leave.