BIAL Plans Rs 46.3B Bond Raise

  Published 9 months ago

BIAL to raise Rs 46.3B via bonds by October for debt refinancing and airport expansion, sources told Reuters.

  • Second tranche of 15-year AAA-rated bonds, with 8.15% coupon, arranged by SBI Capital, sources confirmed.
  • Funds to refinance existing debt and support Rs 155B expansion through FY26–30, boosting capacity to 85 million.
  • The previous tranche saw strong demand from banks, insurers, and infrastructure funds; the new issue is to be privately placed.

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