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Adani Group's container terminal subsidiary raises $300 mn via dollar bonds

The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times

File photo: Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai (Photo: Reuters)
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Terminal Investment Limited (“TiL”) is the world’s 6th largest container terminal operator, moving some 34 million containers per year.

Dev Chatterjee Mumbai
Adani International Container Terminal Pvt Ltd has raised $ 300 million by issuing dollar bonds to international investors.

The issue witnessed  participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times.

The company's 10 year bond was priced at par to yield 3 percent which is also the lowest coupon achieved by any corporate Indian issuer in the last 5 years, said a statement from the company.

The investors were attracted by its strong shareholders, APSEZ & TiL, and their combined business strengths embedded in the company, backed by the credit

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First Published: Dec 28 2020 | 10:41 AM IST

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