Adani Ports and Special Economic Zone Ltd (APSEZ) on May 30 announced that it has raised ₹5,000 crore through the issuance of rated, listed, secured, redeemable, non-convertible debentures (NCDs) with a 15-year tenure. The NCDs were issued at a coupon rate of 7.75% per annum and were fully subscribed by the Life Insurance Corporation of India (LIC).
This is the longest-tenure domestic issuance by APSEZ till date and one of the longest in Indian capital markets. The move extends the company’s average debt maturity from 4.8 years to 6.2 years, as part of its capital management plan focused on diversifying funding sources, lowering borrowing costs, and maintaining financial flexibility.
The funds raised are proposed to be used for a buyback of APSEZ’s USD bonds, subject to board approval on May 31, 2025. The debentures will be listed on the BSE’s wholesale debt market segment.
CEO Ashwani Gupta said the initiative aligns with APSEZ’s long-term vision of becoming the world’s largest integrated transport utility. The company has set a cargo handling target of 1 billion tonnes by FY30, supported by expansions in its logistics and marine businesses.
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