GHIAL to raise $300 million via bonds for Hyderabad airport s expansion
Hyderabad airport is run by GHIAL, where the GMR group holds 63 per cent stake. The airport handled around 21 million passengers in 2020. PTI
Rajiv Gandhi International Airport, Hyderabad (Image: Wikimedia Commons)
Hyderabad airport operator GHIAL will raise $300 million (about Rs 2,190 crore) by issuing bonds in overseas market to fund its expansion plans, the GMR group said on Wednesday. The airport is targeting to raise its capacity to 34 million passengers per annum. GMR Hyderabad International Airport Limited (GHIAL) announced that it had on January 26, 2021, successfully priced an offering of $300 million bonds in the international bond market, GMR group said in a statement. Hyderabad airport is run by GHIAL, where the GMR group holds 63 per cent stake. The airport handled around 21 million passengers in 2020.
GMR to raise $300mn through bonds for Hyderabad airport expansion daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
GMR Hyderabad International Airport Limited successfully prices $300 mn bond offering
Posted On: 2021-01-27 07:04:40 (Time Zone: Arizona, USA)
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure Limited (GMR Group), announced that it had on January 26, 2021 successfully priced an offering of US$ 300 Mn bond in the international bond market. GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 Mn 4.75% senior secured notes of 5 year tenure (the Notes ). 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 at Hyderabad, increasing the capacity of the Airport to 34 Mn Passengers Per Annum.
GHIAL raises funds from global bond market for RGIA expansion
Updated:
Updated:
RGIA capacity to be increased to 34 mm passengers per annum
Share Article
RGIA capacity to be increased to 34 mm passengers per annum
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited, and a step down subsidiary of GMR Infrastructure Limited (GMR Group), announced that it has successfully priced an offering of $300 million bond in the international bond market. GHIAL entered into a purchase agreement to issue and allot $300 million 4.75% senior secured notes of 5 year tenure (the “Notes”) on Tuesday.
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) in Hyderabad, increasing the capacity of the airport to 34 million passengers per annum, informed an official spokesperson on Wednesday.