Adani Ports and Special Economic Zone Limited announced furtherance to letter dated June 21, 2019, the company announced that the Finance Committee of Adani Ports and Special Economic Zone Limited has approved the issuance of fixed rate senior unsecured notes (the Notes) aggregating to USD 750 million and has approved the pricing, tenure and other terms of the Notes. The company intends to use the proceeds primarily for capital expenditure, including on-lending to subsidiaries for capital expenditure purposes, and the remainder for repaying existing indebtedness as permitted under the applicable laws including the external commercial borrowing guidelines and/or if required, approvals of the Reserve Bank of India. Tenure of the instrument - date of allotment and date of maturity: Settlement date is July 3, 2019. Maturity date is July 3, 2029.