Adani Ports Raises 5,000 Crore Through Bonds
By Ankur Chandra | Updated at: May 31, 2025 10:41 PM IST
Adani Ports and Special Economic Zone Ltd, India’s largest integrated transport utility, has successfully raised ₹5,000 crore through its largest-ever domestic bond issuance, a 15-year Non-Convertible Debenture (NCD) allotment to Life Insurance Corporation of India (LIC).
Key Highlights
| Particulars | Details |
|---|---|
| Issue Size | ₹5,000 crore |
| Instrument | Rated, Listed, Secured NCDs |
| Tenure | 15 years |
| Coupon Rate | 7.75% p.a. |
| Issued To | LIC (fully subscribed) |
| Listing | BSE Wholesale Debt Market |
| Rating | AAA/Stable (CRISIL, ICRA, CARE, India Ratings) |
| Previous Average Debt Maturity | 4.8 years |
| Revised Average Debt Maturity | 6.2 years |
Strategic Capital Move
The issuance, priced competitively at a 7.75% coupon and issued at par, aligns with APSEZ’s long-term “Capital Management Plan,” which focuses on four pillars:
- Conservative leverage
- Extended debt maturity
- Lower financing costs
- Diversified funding sources
The company plans to use the proceeds for a proposed buyback of its US Dollar bonds, pending board approval on May 31, 2025.
Management Commentary
“This isn’t merely a financing exercise; it’s a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources,” said Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ.
He further emphasized the company’s long-term vision of becoming the world’s largest integrated transport utility, targeting 1 billion tonnes of cargo handling by FY30, more than double FY25 volumes.
Corporate Strategy & Outlook
The NCD issue not only enhances APSEZ’s financial flexibility but also:
- Improves access to long-term patient capital
- Boosts liquidity for large-scale projects
- Enables resource reallocation for innovation and tech upgrades
- Supports potential inorganic growth opportunities
About APSEZ
A flagship of the Adani Group, APSEZ has evolved from a pure-play port operator into a full-fledged Integrated Transport Utility with pan-India and global operations. Its 15 ports and terminals handle 27% of India’s total port cargo. Internationally, the company operates the Haifa Port in Israel, a terminal in Tanzania, and is developing a major transshipment port in Colombo. The successful long-tenure NCD issuance underscores APSEZ’s credibility in capital markets and supports its mission to emerge as a global leader in ports and logistics by 2030.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/rkbhagia_30052025121532_Letter13.pdf
