APSEZ planning to issue foreign currency denomination bonds

Posted by Daily Shipping Times on 11-01-2017        Tweet

AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ) recently said it is contemplating issuing foreign currency denominated bonds.

"The company is contemplating, subject to market conditions, to undertake the issue of foreign currency denominated bonds ( the "Issue" ) pursuant to the approval of the Board of Directors. At its meeting held on November 2, 2015 and the approval of shareholders at their meeting held on August 9, 2016," APSEZ said in a BSE filing.

It added that the pricing, tenure and other terms of the bonds will be determined by the Finance Committee of the company. The issue is expected "on January 12, 2017 or on a later date subject to market conditions and other considerations", it said. APSEZ is the Country's largest ports developer and operator.