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Adani Ports & SEZ plans $650-mn fund mop-up again and again

Adani Ports & SEZ plans $650-mn fund mop-up via unsecured notes issuance

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IIT Hyderabad

Adani Ports and Special Economic Zone on Tuesday said it will raise up to $650 million by issuing unsecured notes. “The Finance Committee of Adani Ports and Special Economic Zone has approved the issuance of fixed rate senior unsecured notes aggregating to $650,000,000 and has approved the pricing, tenure and other terms of the notes,” it said in a regulatory filing.

The company intends to use the proceeds of ...

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First Published: Wed, July 17 2019. 10:58 IST
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