APSEZ Secures $150M DBS Facility for Capex Drive

Adani Ports and Special Economic Zone (APSEZ) has secured a $150 million bilateral loan from Singapore-based DBS Group Holdings. The four-year facility, priced approximately 200 basis points over SOFR with a total cost including hedging near 5.5%, will fund APSEZ’s capital expenditure plans.

This follows APSEZ’s recent $750 million offshore bond issuance—used to finance a construction firm acquisition—with BlackRock taking up nearly a third of the offering.

Meanwhile, the Adani Group is also in advanced negotiations with a consortium of global lenders, including Barclays, First Abu Dhabi Bank PJSC, and Standard Chartered, for an additional $750 million loan to support the expansion of its airport operations.

News by Rahul Yelligetti.