Adani International Container Terminal’s maiden bond issue oversubscribed by 10 times

The Adani International Container Terminal’s $300 million maiden bond issue was oversubscribed 10 times with interest coming in from 220 investors. The issue of 10 years was priced at par to yield a 3 per cent coupon rate, which is the lowest coupon rate achieved by any corporate Indian issuer in the past five years. Barclays, Citigroup, DBS Bank, MUFG and Standard Chartered were the global coordinators, bookrunners and lead managers for the issue.