Adani Ports and Special Economic Zone, India's largest private port operator, plans to raise as much as 50 billion rupees through the sale of bonds maturing in 15 years, two merchant bankers said on Wednesday.
The company is likely to offer a coupon of around 7.75% on the issue and invite bids on Friday, the bankers said, requesting anonymity as they are not authorised to speak to the media.
The group did not immediately respond to Reuters' email seeking comments.
On May 22, the company's board approved raising up to 60 billion rupees through bond sales.
The notes are rated AAA by Crisil and Care.
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