Adani Ports and Special Economic Zone (APSEZ) has secured a USD 150 million bilateral financing from Singapore-based DBS Group Holdings.
The four-year loan facility will support APSEZ’s capital expenditure plans and the loan is priced at approx. 200 basis points above the secured overnight financing rate (SOFR), with a total cost including hedging estimated around 5.5 percent. This development follows Adani’s USD 750 million offshore bond issue last month to finance a construction firm acquisition, with BlackRock subscribing to nearly one-third of that issue.
Further bolstering its financial roadmap, the Adani Group is reportedly in advanced talks with a consortium of global banks - including Barclays, First Abu Dhabi Bank PJSC, and Standard Chartered Bank, for another USD 750 million loan to fund its expanding airport operations.