Adani Ports to Re-enter Local Debt Market After 17-Month Break

As per news reports, Adani Ports and Special Economic Zone (APSEZ), India’s biggest private port operator, is planning to raise up to ₹5,000 crore through a domestic bond issuance. The bonds will have a maturity of 15 years, making this not just the company’s largest rupee-denominated issue, but also the one with the longest tenor. Bidding for the issue is expected to take place on Thursday, 

Adani Ports Return to Local Debt Market

This is the company’s first attempt to tap the domestic bond market since January 2024. At that time, it raised ₹250 crore each through 5-year and 10-year bonds, with coupon rates of 8.70% and 8.80%, respectively. As per news reports, the new 15-year bonds are expected to carry a coupon of around 7.75%.

The company's board approved a proposal on May 22 to raise up to ₹6,000 crore via bond sales.

Read more: Adani Ports Incorporates East Africa Ports FZCO to Expand Global Investment Reach

Adani Ports Background 

The fundraising plan comes amid ongoing scrutiny of the Adani Group by Indian and US regulators. In 2023, Hindenburg Research accused the group of using tax havens improperly, prompting a sharp fall in Adani Group stocks. The Securities and Exchange Board of India (SEBI) is still investigating these allegations, which involve 13 offshore investors. The group has denied all wrongdoing.

In a separate development, US authorities filed charges against Adani Group Chairman Gautam Adani and other executives, alleging bribery related to Indian power contracts and misleading investors. The company has denied these charges as well.

Share Price Performance

As of 10:18 AM on May 29, 2025, APSEZ share price was trading at ₹1,417.20, a 0.44% increase, with an 18.58% increase over the past 6 months and a 0.09% increase over the past year. 

Conclusion

If completed, this ₹5,000 crore bond issue will be a major step for Adani Ports after a 17-month pause. It marks a return to long-term domestic fundraising, even as regulatory processes around the group continue.

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