Adani Road Transport SPVs raise Rs 11.25 billion through bonds

Adani Road Transport’s two special purpose vehicle (SPVs), accepted bids worth Rs 11.25 billion against the bond issue. Mancherial Repallewada Road accepted bids worth Rs 2.37 billion (8.28 per cent coupon rate) through six-year and five-month maturity bonds and Rs 3.31 billion (8.08 per cent CR) through 10-year and 11-month bonds. Sutyapet Khammam Road accepted bids worth Rs 2.82 billion (8.28 per cent CR) through six-year and eight-month bonds and Rs 2.75 (8.08 per cent CR) billion through 10-year and eight-month bonds. The coupon rate for the issue is semi-annual.