GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Airports and a step-down subsidiary of GMR Airports Infrastructure, has on December 13, 2022, successfully raised funds through the issuance of 10 year Listed, Rated, Redeemable, Secured Non-Convertible Debentures (NCDs) amounting Rs 1150 crore, on private placement basis. The NCDs will be listed on BSE.
The NCDs have been priced at an interest rate of 8.805 % per annum payable quarterly for an initial period of 5 years and thereafter interest rate will be reset for next 5 years. The issue has been subscribed by eligible investors (QIBs, registered under SEBI). The proceeds from the NCDs will be utilized for partial refinancing of $ 140 Million of the existing ECB Bonds of 2024 and 2026, for which tendering has been completed, along with accrued interest and other issue expenses.
GMR Airports Infrastructure (formerly known as GMR Infrastructure) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
Company Name | CMP |
---|---|
Dreamfolks Services | 482.60 |
GMR Airports Infra. | 90.09 |
View more.. |