Adani Ports Gets About $150 Million Loan From DBS for Capex
Adani Ports & Special Economic Zone Ltd. raised about $150 million through a bilateral loan agreement with DBS Group Holdings Ltd., according to people familiar with the matter, as the Indian conglomerate continues to restore lender confidence.
The proceeds of the four-year dollar loan will be used for capital expenditure, the people said, asking not be identified because the information is private. The facility has been priced at about 200 basis points above the benchmark Secured Overnight Financing Rate, they said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Buffett Inspires Retail Investors to Bet on Japan Trading Houses
Japan's retail investors have started to place their bets on trading house stocks, heavily backed by Berkshire Hathaway Inc.'s legendary investor Warren Buffett, eyeing strong business models and stellar shareholder returns. Investment demand from Nippon Individual Savings Accounts, or NISA for short, has spread to trading companies alongside traditional favorites like Nippon Telegraph & Telephone Corp., Japan Tobacco Inc. and Mitsubishi UFJ Financial Group Inc.
Bloomberg
an hour ago
- Bloomberg
Chinese Firms Brush Off US Tariff Risks With Domestic Confidence
When US President Donald Trump took aim at China with record tariffs, the country's firms shrugged it off. Corporate China has since gone out of its way to assuage investors and tout its ability to weather tariff risks, citing experiences from Trump's first administration and that their businesses ultimately aren't that exposed to the US.
Bloomberg
an hour ago
- Bloomberg
Stocks Gain on US Jobs Surprise
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
