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Adani Ports & SEZ to raise up to $1 billion

Adani Ports & SEZ is tapping the internaitonal debt market to raise up to $1 billion to fund its capex plans and also to retire some of its debt. The proposed issue has a ‘Baa3’ rating from the global ratings agency Moody’s Investors Service.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.

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