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Adani Ports SEZ to list $750 mn bonds on India INX
NEW DELHI: Adani Ports and even Special Economic Zone may list USD 750 , 000, 000 foreign currency bonds on India International Exchange (India INX) on Wednesday, the particular bourse said.
The bonds will be listed on India INX’s Global Securities Market place, which connects global traders with Indian and overseas issuers.
Interest on bonds is payable at 4.20 per cent per annum and the bonds will mature in August, 2027, a statement said on The following thursday.
“We welcome Adani Ports SEZ USD 750 , 000, 000 issue in such tough times with a competitive rate of 5.20 per cent, this reaffirms the faith global traders have in value products by large Indian corporates such as Adani Group,” India INX MD and even CEO V Balasubramaniam explained.
Last month, Adani Ports and Special Economic Zoom had said it will elevate USD 750 million (over Rs 5,610 crore)Â to fund its money expenditure requirements and to retire some of its personal debt.
India INX is the equip of leading stock exchange BSE.
In a separate statement, BSE said its equity derivatives segment registered a record revenues of Rs 62,182 crore on Tuesday, and it is gaining wide investor contribution since the introduction of S&P BSE SENSEX 50 weekly futures and options contract together with Monday expiry.
“With better liquidity and depth within Sensex 50 contracts, My spouse and i encourage members to consider full benefits of BSE’s remarkable front-end trading software and even co-locations services available without charge,” BSE Chief Business enterprise OfficerÂ Sameer Patil explained.
“These features make the BSE platform an ideal choice to get market participants to off-set their equity price hazards,” he added.