Norton Rose Fulbright advises The Bank of New York Mellon on Adani Ports’ US$650 million 5-year debut dollar bond issue

Global legal practice Norton Rose Fulbright has advised The Bank of New York Mellon in its role as trustee for Adani Ports and Special Economic Zone Ltd (APSEZ)’s US$650 million 3.5% senior unsecured offering.

APSEZ is part of the Adani Group, an integrated infrastructure corporation. The issue was the Indian private ports operator’s inaugural bond offering. The bonds are listed and quoted on the official list of the Singapore Exchange Securities Trading Limited.

The five-year 144A and Regulation S bond offering was settled through the New York clearing system, the Depository Trust Company (DTC). Barclays Bank Plc, Citigroup Global Markets Inc, Emirates NBD PJSC, Merrill Lynch International and SBICap (Singapore) Ltd acted as joint bookrunners and joint lead managers on the transaction.

Vicky Münzer-Jones, Partner, Norton Rose Fulbright commented:

“This is the first international bond offering by Adani Ports and, beyond the positive message the success of this issue sends in relation to the Indian infrastructure sector, it indicates hope for the broader debt markets given the challenges stemming from the Greek crisis and uncertainty in the Chinese stock market.”

The team was led by Singapore-based Partner Vicky Münzer-Jones and Of-Counsel, Cynthia Teo, assisted by Joel Lam and Annie Birch.

For further information please contact:

Stuart Lennon, Senior Marketing and Communications Manager, Asia
Tel: +852 3405 2306
stuart.lennon@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.