The Life Insurance Corporation (LIC) completed its full subscription of Adani Ports and Special Economic Zone’s ₹5,000 crore bond issue which represents a strategic and confidence-boosting investment in India’s largest private port operator. The bond issuance through private negotiation resulted in 15-year bonds with a 7.75% coupon rate which became both the largest rupee bond issue and the longest-tenor bond from APSEZ.
The sources verified that LIC made the only bid for this transaction which demonstrates institutional trust despite market difficulties. The bond funds will serve two purposes: debt refinancing and infrastructure development. The exclusive nature of the deal indicates Adani Ports chose LIC as their funding partner to prevent raising interest rates in a competitive bond market.
APSEZ operates 15 domestic ports and four international ports through its logistics network while handling 450 MMT of cargo during FY25. The strong ratings from Crisil and Fitch for the company have strengthened investor confidence.
The move demonstrates LIC’s expanding power in corporate debt market operations. The company invested ₹80,000 crore in Indian bonds during FY25 which represented a 30% increase from the previous year thus solidifying its position as a fundamental investor for India’s infrastructure expansion.
