GHIAL to raise US $300 Mn through bond issue for Hyderabad airport expansion
Hyderabad, Jan 27 (UNI) GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure Limited (GMR Group), on Wednesday announced that it had successfully priced an offering of US$ 300 Mn bond in the international bond market.
GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 Mn 4.75 per cent senior secured notes of 5 year tenure, GHIAL said in a release here.
The proceeds from the Notes will be used towards the capital expenditure with respect to the master plan (expansion) of the Rajiv Gandhi International Airport (RGIA) at Hyderabad, increasing the capacity of the Airport to 34 Mn Passengers Per Annum.
GMR places $300 m through bond offer for Hyderabad airport expansion
January 27, 2021
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GMR Hyderabad International Airport Limited (GMRHIAL) has successfully priced $300-million bond in the international bond market through a purchase agreement.
As per the agreement, it will issue and allot $300 million worth 4.75 per cent senior secured notes of five-year tenure.
GMRHIAL is a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure Limited (GMR Group),
The proceeds from the notes will be used towards the capital expenditure for the expansion of Rajiv Gandhi International Airport at Hyderabad, increasing the capacity of the airport to 34 million passengers per annum.
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