BSE’s international arm, India International Exchange (India INX), will list USD 750 Mn foreign currency bonds of Adani Ports & Special Economic Zone. This is the first issuance by the corporate on Global Securities Market. The issuance is of fixed rate senior unsecured notes aggregating to USD 750 million at 4.20 percent maturing in August 2027.
Since launch of Global Securities Market, it has been the leading listing platform for bonds at GIFT IFSC. The Global Securities Market platform of India INX offers fund raising guidelines at par with other international venues. MTNs established on India INX platform since launch in Jan 2018 aggregate to USD 48.5+ billion and listing of bonds aggregate to USD 22.6+ billion with this listing. India INX is also the first introducer of Green Securities Platform for issuance of green bonds.
India INX MD and CEO Shri. V. Balasubramaniam mentioned, “We welcome Adani Ports SEZ USD 750 Mn issue in such tough times at a competitive rate of 4.20 percent, this reaffirms the faith global investors have in value offerings by large Indian Corporates such as Adani Group. We are further immensely proud that all of the three off shore offerings by Indian issuers in trying times such as these have been listed on our Global Securities Market platform, making our vision of being the pioneer in onshoring of capital market services in GIFT IFSC a reality”