Mumbai, May 30, 2025 — In a major boost to its long-term funding strategy, Adani Ports and Special Economic Zone Ltd (APSEZ) has raised ₹5,000 crore through a privately placed 15-year non-convertible debenture (NCD) issuance. The entire issue was subscribed by Life Insurance Corporation of India (LIC), making it the company’s largest domestic bond raise to date.
The bonds carry a 7.75% annual coupon and are rated ‘AAA/Stable’ by domestic credit agencies. They will be listed on the Bombay Stock Exchange (BSE).
LIC Backs the Entire Issue
LIC’s full subscription reflects strong institutional confidence in APSEZ. With this transaction, LIC now holds ₹5,400 crore worth of APSEZ bonds, solidifying its position as the company’s largest bondholder.
Strategic Use of Funds
The proceeds from the bond sale will be used to:
•Refinance existing debt
•Fund capital expenditure for port development and infrastructure expansion
APSEZ CEO Ashwani Gupta stated that the bond issue supports the company’s strategy to optimize its debt maturity profile while securing cost-effective, long-term funding.
Sign of Renewed Investor Trust
This marks Adani Ports’ first return to the domestic bond market in over a year, following governance-related allegations in 2023—claims that the Adani Group has strongly denied. The successful issuance signals renewed investor trust and supports APSEZ’s target of handling 1 billion tonnes of cargo annually by FY2030.
