Adani Ports will raise $750 mn to fund capital expenditure requirements

The Notes are expected to be listed on the Singapore Exchange Securities Trading Limited and the India International Exchange (IFSC)

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it will raise $750 million (over Rs 5,610 crore) to fund its capital expenditure requirements and to retire some of its debt.

"The Finance Committee of Adani Ports and Special Economic Zone Limited has approved the issuance of fixed rate senior unsecured notes aggregating to $750 million and has approved the pricing, tenure and other terms of the Notes," billionaire Gautam Adani-led company said in a regulatory filing to the BSE.

The filing further noted that "the company intends to use the proceeds to repay its existing indebtedness and/or the