GMR Group Plans ₹25B Bond Issue

  Published 8 months ago

GMR Airports Holdings and DIAL plan to raise ₹25 billion via bonds to fund airport ventures, attracting mutual fund interest.

  • GMR Airports to raise ₹15B via 3-year bonds; expected yields in high single to low double digits.
  • DIAL targets ₹10B through 15-year bonds; discussions underway with private and foreign banks for placement.
  • Last year, DIAL raised ₹25.13B via 10-year bonds at a 9.5% coupon; a fresh issue is expected soon.

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