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Adani Ports Receives Strong Response To Dollar Bond Tender Offers

The notes will be accepted on a prorated basis using a proration factor of 65.4577%, Adani Ports said in an exchange filing on Wednesday.

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A Memorandum of Understanding was signed on Friday between SMPK and Adani Ports and Special Economic Zone Ltd. (Photo source: Adani Ports/press release)

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Summary is AI Generated. Newsroom Reviewed

  • Adani Ports received $178.27 million in tenders for 4.2% Notes due 2027, exceeding $125 million cap
  • 4.2% Notes will be accepted on a prorated basis with a proration factor of 65.4577%
  • Tenders for 4.0% Notes due 2027 totalled $154.16 million, below the $200 million acceptance limit
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Adani Ports and Special Economic Zone Ltd. said it received strong demand for its cash tender offers on three sets of outstanding US dollar bonds, with the 4.2% Notes due 2027 oversubscribed.

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