MakeMyTrip raises $200 million through zero percent interest bond
MakeMyTrip reported a correction in the bookings during the last quarter of 2020 which had witnessed a steep fall following the pandemic and the subsequent lockdown earlier during the year. February 05, 2021 / 08:05 PM IST
Even as the travel and hospitality industry is still grappling with the effects of COVID-19, online travel agency MakeMyTrip has raised $200 million through a zero percent bond.
These bonds are ranked senior to equity as here the investor gets only the face value at maturity.
The company will be using the net proceeds for working capital among other things.
MakeMyTrip reported a correction in the bookings during the last quarter of 2020 which had witnessed a steep fall following the pandemic and the subsequent lockdown earlier during the year.