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LIC Only Buyer in Adani Ports' Bond Sale
Mint Chennai
|May 30, 2025
Life Insurance Corporation of India is the sole buyer in Adani Ports & Special Economic Zone Ltd's record 50-billion-rupee ($585 million) bond sale, according to people familiar with the matter.
The company will issue a 15-year bond with a coupon of 7.75%, the people said, asking not to be identified as the information is private. The firm will use the proceeds for capital expenditure and refinancing existing dollar debt, they said.
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