New Issue: India’s Adani Ports sells $750 million 4 3/8% notes due 2029

By Wendy Van Sickle

Columbus, Ohio, July 3 – Adani Ports and Special Economic Zone Ltd. issued $750 million of 4 3/8% senior notes (Baa3/BBB-/BBB-) due 2029, according to a filing with the Singapore Exchange Ltd.

The bookrunners and lead managers for the Regulation S issue were Barclays Bank plc, Citigroup Global Markets Ltd., DBS Bank Ltd., Emirates NBD Bank PJSC, J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., Mizuho Securities Asia Ltd., MUFG Securities Asia Ltd. and Standard Chartered Bank.

The issuer is based in Ahmedabad, India, and operates ports and terminals around India.

Issuer:	Adani Ports and Special Economic Zone Ltd.
Description:	Senior notes
Amount:	$750 million
Coupon:	4 3/8%
Maturity:	2029
Bookrunners:	Barclays Bank plc, Citigroup Global Markets Ltd., DBS Bank Ltd., Emirates NBD Bank PJSC, J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., Mizuho Securities Asia Ltd., MUFG Securities Asia Ltd. and Standard Chartered Bank
Issue date:	July 3
Ratings:	Moody’s: Baa3
	S&P: BBB-
	Fitch: BBB-
Distribution:	Regulation S

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