Adani Ports and Special Economic Zone Ltd (APSEZ) board has provided its approval to raise USD 500 million (over Rs 3,400 crore) through issuance of foreign currency denominated bonds.

APSEZ has said in a BSE filing that “The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to USD 500 million and has approved the pricing, tenure and other terms.”

The USD 500 million issue will get matured on January 19, 2022 and interest rate on the notes is payable at 3.95 percent semi annually.

Read EquityPandit’s Technical Analysis of Indian Stock Market