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Adani’s Australian port firm to raise $1.2 bn to cut debt
October 17, 2013October 17, 2013by In Ports & Shipping

Adani’s Australian port firm to raise $1.2 bn to cut debt

To reduce its debt burden, Adani Abbot Point Terminal Pty Ltd, which owns a coal terminal in Australia, is planning to raise $1.2 billion through multiple debt instruments to refinance the port companyÂ’s borrowings. The port company, owned by Adani Group, has a debt of nearly $2 billion.