Ennore Port has is planning to raise up to Rs.500 crore through a public issue of tax-free secured, redeemable non-convertible bonds of face value of Rs.1,000 each. The issue opens on February 18 and will close on March 14. One can apply for a minimum of five bonds. The issue aggregates up to Rs.250 crore, with an option to retain over-subscription up to Rs.250 crore, the company said. The funds will be used for capital dredging projects (Rs.300 crore), augmenting the rail and road connectivity (Rs.100 crore) and construction of third coal berth (Rs.100 crore), M. A. Bhaskarachar, Chairman and Managing Director, said at a press conference here on Monday. The coupon rate of bonds for retail individual investors will be 8.61 per cent per annum for 10 years, 9 per cent for 15 years and 9 per cent for 20 years. — Special Correspondent