Extends debt maturity profile, proceeds to be used for bond buybacks*
Editor Synopsis
- APSEZ Secures INR 5,000 Cr via 15-year Non-Convertible Debentures (NCDs) from Life Insurance Corporation of India (LIC)
- NCDs locked in at a competitive 7.75% p.a. coupon rate; issued at par
- Average Debt Maturity extends to 6.2 years from 4.8 years, a direct outcome of APSEZ’s ‘Capital Management Plan’
- Demonstrates APSEZ’s access to diversified sources of financing and access . . .
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