Adani Ports, which is in the race to takeover L&T’s Kattupalli port in Tamil Nadu, has launched its debut dollar bond to raise upto $1.5 billion.
The proceeds of the bonds will be used to retire the company's debt and fund new projects. Adani Ports plans to set up ports in every state in India and has recently received Kerala government’s nod to set up a Rs 4,500-crore port in Vizhihjam.
Bankers said apart from SBI Caps, the dollar bond is being managed by Bank of America Merrill Lynch, Barclays, Citigroup and Emirates NBD Capital as joint book runners and lead managers.
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