GMR Infrastructure step down subsidiary raises funds from international markets

Delhi International Airport successfully prices USD 150 mn Senior Secured Notes

Feb 20, 2020 03:02 IST capital market

Delhi International Airport, a subsidiary of GMR Airports and a step down subsidiary of GMR Infrastructure, announced that it had on 18 February 2020 successfully priced Tap of Senior Secured Notes of US$150 million aggregate, due in 2029 (10 years Bond), along with earlier Senior Secured Notes of USD 350 million. The Notes have been priced at effective interest rate of 5.343% and have been oversubscribed by more than eight times.

The proceeds from the Notes will be utilized to partly finance the Phase 3A Expansion.

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