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Adani Ports & SEZ grosses $646.9 million from debt offering

Adani Ports and Special Economic Zone Ltd raised gross proceeds of $646.9 million from an offering of 3.5% senior unsubordinated unsecured notes due July 29, 2020.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

Barclays Bank PLC, Citigroup Global Markets Inc., Emirates NBD PJSC, Merrill Lynch International and SBICAP (Singapore) Ltd. were the lead underwriters.