Adani Ports launches $450m debt buyback offer

Adani Ports and Special Economic Zone Limited announced a cash tender offer for up to $450 million of its senior notes, including $200 million of 4.00% notes due 2027, $125 million of 4.20% notes due 2027, and $125 million of 4.375% notes due 2029.

Holders tendering notes by the July 29 early deadline will receive a $3-$4 premium per $1,000 principal amount plus tender consideration of $943.50-$967 per $1,000. The offer expires August 13.