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Bloomberg Quint
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Adani Ports' Rs 5,000 Crore Bond Sale Draws LIC's Interest, Say Reports
- Adani Ports' Rs 5,000 crore bond sale attracts interest from LIC and other investors.
- The 15-year bond offering by Adani Ports carries a coupon rate of 7.75%.
- Proceeds from the bond sale will be utilized for capital expenditure and refinancing existing debt.
- Adani Ports is also considering a buyback of certain dollar-denominated bonds and has a strong cash balance.
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