MUMBAI

Issued in July, the bonds are in S$250,000 (US$151,000) denominations. Three-year bonds will bear interest at the six-month Singapore dollar swap offer rate less 0.06% per annum, and 10-year bonds will earn 2.83% interest per annum, both payable semi-annually.

Eleven of 12 bidders for the Mumbai port box terminal project have been shortlisted and will go through to a final round of bidding, where they will be asked to enter a Request for Proposal. Those bidding include international operators P&O Ports, Dubai Port Authority, Maersk, Evergreen Marine and Mitsui OSK, as well as domestic companies L&T, Adani Ports, United Liner Agency, Gammon India and ABG Heavy Industries.