Following Board review on 09 January 2017
Adani Ports & Special Economic Zone announced that pursuant to the powers delegated to the Finance Committee by the Board of Directors of Adani Ports and Special Economic Zone (the "Company"), the Finance Committee has reviewed and approved the preliminary offering circular in relation to the proposed issuance of foreign currency (US$) denominated bonds (the "Notes") by the Company.The issuance of foreign currency (US$) denominated bonds offering may follow, subject to market conditions.
The Company is rated Baa3 (Negative) by Moody's, BBB- (Stable) by S&P and BBB-(Negative) by Fitch and expects the same ratings for its foreign currency (US$) denominated bonds.
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