Adani Ports and Special Economic Zone, India's largest private port operator, has placed its longest-tenor debt with state-run Life Insurance Corporation of India, two sources familiar with the matter said on Thursday.
The company raised 50 billion rupees ($585.33 million) through the sale of bonds maturing in 15 years at 7.75% annual coupon and the debentures were fully bought by LIC, the sources said, declining to be identified as they are not authorised to speak to the media.
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