Adani Ports begins purchase of USD 650 mn worth notes
Team Udayavani, Jul 16, 2019, 2:40 PM IST
New Delhi: Adani Ports and Special Economic Zone (APSEZ) Tuesday said it has commenced purchase of USD 650 million (around Rs 4,460 crore) worth bonds due next year.
“APSEZ..announced that it has commenced a tender offer to purchase for cash (the tender offer) any and all of its outstanding USD 650,000,000 3.50 per cent senior notes due 2020 (the notes),” the company said in a filing to BSE.
The tender offer will expire on July 24, it said.
“The company has announced the tender offer as part of a refinancing transaction pursuant to which the consideration will be derived from a concurrent offering of new debt securities, on terms and conditions satisfactory to the company, together with cash on hand,” the company said.
The tender offer is conditional on the issuance of the new notes in a principal amount of at least USD 650 million on terms and conditions satisfactory to the company.
The tender offer is also subject to the satisfaction or waiver of a number of other conditions, it said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
New book uncovers Indian mystery probed by Sherlock Holmes author
Mangaluru: Youth JD(S) activists gherao CP Yogeshwar, minister escapes from rear door
Congress collapsing across India due to dynasty politics, says Amit Shah
Related Articles More
IKEA to increase sourcing of toys from India
India’s coal import drops 12 % to 181 MT in Apr-Jan
Maruti Suzuki achieves 2 million vehicle export milestone from India
Govt finalises products under scheme to increase farmer income, exports
US owes India USD 216 billion as American debt soars to USD 29 trillion: lawmaker
Chikmagalur: Locals apprehend dacoits after cinematic chase
I request BJP senior leaders not to trust HD Kumaraswamy and BJP must not form an alliance with the JDS: C P Yogeshwar
Problem! in Cowin App
Listen to the story by Dr. Gururaj Karjagi on the concept of ‘Joy of Giving’- Part-3
This full-time construction worker makes caps from areca leaves in his spare time
PM Modi regrets not learning ”world”s oldest language” Tamil
UV Exclusive: Bajarangi 2 features song on Dhanvantari gods, says Dr V Nagendra Prasad
Surathkal: Waves carry away Shivamogga boy at beach
Kundapur: One killed in car-bike collision
PM Modi pays tribute to Morarji Desai, says he worked tirelessly for India”s development