Adani Ports Receives Nearly $197 Million in Early Bond Tender Offers

Adani Ports and Special Economic Zone Ltd (APSEZ) has reported early participation of about USD 196–197 million in its ongoing cash tender offers for outstanding US dollar-denominated senior notes, as part of a broader USD 495.1 million bond buyback programme.

The tender offers cover 4.0% Senior Notes due 2027 and 3.10% Senior Notes due 2031, for which the company has set maximum acceptance amounts of USD 345.14 million and USD 150 million respectively. As of the early tender deadline on 24 February 2026, investors tendered around USD 101.58 million of the 4.0% notes and USD 95.36 million of the 3.10% notes, both within these specified caps.

Subject to the terms of the Tender Offer Memorandum, APSEZ expects to complete early settlement of accepted notes on or around 27 February 2026, paying the early tender consideration plus accrued and unpaid interest up to but excluding the settlement date. The offer window remains open until the final expiration date of 11 March 2026, giving remaining noteholders additional time to participate in the company’s ongoing liability management and balance sheet optimisation exercise.