LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part...

Dununu.com Dununu

Patrocinados

LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part of debt refinancing

RSS Feed Business

Posted

95

LIC has fully subscribed to Adani Ports' ₹5,000 crore NCD issue, supporting their strategy to replace short-term debt with longer-term, lower-cost options. The 15-year bond, with a 7.75% coupon rate, will fund capital expenditure and refinance existing liabilities. This move extends Adani Group's debt maturity profile, lowering their average cost of funds to 7.92% in fiscal year 2025.

Read Full Article

Please log in to like, share and comment!

RBI Monetary Policy Committee Meeting: Date, time, where to watch live streaming of RBI Governor Sanjay Malhotra’s MPC statement

RBI's Monetary Policy Committee, led by Governor Sanjay Malhotra, convened on June 4, 2025, to...

By 0 0

Former Zambian President Edgar Lungu has died at 68

Former Zambian President Edgar Lungu, who led the nation from 2015 to 2021, passed away at the...

By 0 1

Young male rhino transferred to Central Zoo

CHITWAN: A young male rhinoceros raised at the National Trust for Nature Conservation in Sauraha...

By 0 3

‘I don’t like women in revealing dresses’: MP minister Vijayvargiya makes controversial remark; likens clothing to morality

By 0 4

Unified Socialist defends Madhav Nepal: ‘He is clean, case politically motivated’

KATHMANDU: The CPN (Unified Socialist) has strongly defended party chair Madhav Kumar Nepal in...

By 0 13