SINGAPORE, May 23 (IFR) - Adani Ports and Special Economic Zone will seek board approval on May 27 to raise up to US$1bn from foreign currency bonds in one or more tranches via a private placement, according to a filing on exchanges.
The notes will be listed on one or more stock exchanges in India or overseas.
It is also planning to raise Rs15bn (US$216m) from non-convertible debentures through a private placement.
The funds will be used to refinance existing borrowing and for general corporate purposes.
(Reporting by Krishna Merchant; Editing by David Holland)
((Krishna.Merchant@thomsonreuters.com; +65 64174544;))
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