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Mumbai: Delhi International Airport (DIAL) has raised ₹1,200 crore through bonds maturing in April 2030 at a rate of interest of 9.75%, sources aware of the development said.
ICICI Bank, Barclays and HSBC were the arrangers for the issue, the sources said.
In September 2022, ET reported that GMR Airports, which operates the Delhi and Hyderabad airports, raised ₹1,100 crore from JP Morgan Securities and Morgan Stanley India Primary Dealer to make timely payments of its bonds.
In June 2022, Barclays Bank, Aditya Birla Finance and a fund owned by the National Investment and Infrastructure Fund were said to have provided a ₹1,000 crore debt facility to DIAL . The three companies had bought five-year bonds of the company, with the coupon for the first three years being set at 9.52% and the remaining two years at 9.98%.
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