Adani Ports and Special Economic Zone (SEZ) is issuing the third largest bond sale in the international debt market with a benchmark issue of $500 million. It is at present the largest port operator in the country and also the largest port developer in terms of their dry bulk terminals and coal showing a yearly capacity of 478.6 million tonnes.
A banking merchant source told PTI that they “are planning to raise $500 million dollars through a Reg S issue.” A Reg S issue means American investors won’t be able to subscribe to the issue. A benchmark issue means it is a large issue with allocation of at least $500 million.
Adani Port also handles terminals at Mundra and Dharma ports along with LPG and Kattupali Port
