Adani Ports crosses Rs.1 trillion mark in market cap post bond issue

The Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) has crossed Rs.1 trillion in market capitalisation for the first time, following news of Adani International Container Terminal having settled its first $300 mn public dollar bond issue on December 21, 2020. AICTPL is 50:50 joint venture between APSEZ and Terminal Investment (TiL), the sixth largest container terminal operator in the world. The issue had large participation from marquee investors, with interests coming from around 220 accounts leading to about 10 times oversubscription. The 10 year bond was priced at par to yield 3 per cent, which is the lowest coupon achieved by any corporate Indian issuer in the last five years.

Contact: Adani Ports and Special Economic Zone

Tel: 079-2656 5555.

Website: www.stage.adaniports.com