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Bond Market News
Adani Ports Announces Tender Offer for $450mn of Dollar Bonds
July 16, 2025
Adani Ports and Special Economic Zone has launched a tender offer to repurchase up to $450mn of its outstanding dollar bonds across three series:
- $200mn of its 4.00% bonds due July 2027. The bonds have an amount outstanding of $500mn and are currently trading at 96.5, yielding 5.8%.
- $125mn of its 4.20% bonds due August 2027. The bonds have an amount outstanding of $750mn and are currently trading at 96.7, yielding 6.0%.
- $125mn of its 4.375% bonds due July 2029. The bonds have an amount outstanding of $750mn and are currently trading at 94.2, yielding 6.1%.
The initiative was approved by the board’s Finance Committee on 16 July. The buy back will be executed in cash. The size of the tender offer matches Adani Ports’ stated intent to proactively manage upcoming maturities and maintain prudent financial discipline.
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