The company intends to use the proceeds from this offering to repay existing indebtedness, for capital expenditures and for general corporate purposes.

The Finance Committee of Adani Ports and Special Economic Zone Limited has approved the issuance of fixed-rate senior unsecured notes aggregating to US$ 750 million and has approved the pricing, tenure, and other terms of the Notes.
“The company intends to use the proceeds from this offering to repay existing indebtedness, for capital expenditures and for general corporate purposes,” Adani Ports said in a filing on Monday.
The company has received Baa3 (Negative) by Moody’s, BBB- (Stable) by S&P, and BBB- (Negative) by Fitch for the Notes.
The Notes will be allotted on two tranches on August 2, 2021 and are expected be listed on the Singapore Exchange Securities Trading Limited and the India International Exchange (IFSC) Limited.
At around 10.12 AM, Adani Ports & Special Economic Zone Ltd was trading at Rs683.45 per piece up Rs0.70 or 0.10% from its previous closing of Rs682.75 per piece on the BSE.

Source:Indiainfoline