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GMR Infrastructure’s arm offers $150 million senior secured notes

20 Feb 2020 Evaluate

Delhi International Airport (DIAL), a subsidiary of GMR Airports and a step down subsidiary of GMR Infrastructure (GIL) has on February 18, 2020 successfully priced Tap of Senior Secured Notes of $150 million aggregate, due in 2029 (10 years Bond), along with earlier Senior Secured Notes of $350 million. The Notes have been priced at effective interest rate of 5.343% and have been oversubscribed by more than eight times.

The proceeds from the Notes will be utilized to partly finance the Phase 3A Expansion.

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.

GMR Airports Share Price

96.42 -0.95 (-0.98%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 83.05
GMR Airports 96.42
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