GMR Infrastructure’s arm offers $300 million Senior Secured Notes

04 Apr 2019

GMR Infrastructure’s step down subsidiary -- GMR Hyderabad International Airport (GHIAL) has successfully priced an offering of $300 million bond in the international bond market on April 03, 2019. GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 million 5.375% senior secured notes of 5 year tenure. The proceeds from the Notes will be used towards the capital expenditure with respect to the master plan (expansion) of the Rajiv Gandhi International Airport at Hyderabad, increasing the capacity of the Airport to 34 million Passengers Per Annum (MPPA).

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.

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