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Corporate News
 
APSEZ to price $ bonds at 195 bps over US treasury
24-Jun-2017

Adani Ports and Special Economic Zone (APSEZ) is likely to price its dollar-denominated bond issue at 195-200 basis points over the US treasury yield, sources said.APSEZ is looking to issue 144 A/’Regulation S’ bonds with a tenure of five years, and the initial price guidance was at 210 bps over the US treasury yield. The final price guidance will probably be close to 195 bps over the US treasury yield,” a source said. Standard & Poor’s ratings services has assigned a ‘BBB-‘ long-term corporate credit rating to the company’s proposed issue.

News Source:- http://www.financialexpress.com/market/apsez-to-price-bonds-at-195-bps-over-us-treasury/105788/