GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 Mn 4.75 per cent
senior secured notes of 5 year tenure, GHIAL said in a release here.
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 (RGIA) at Hyderabad,
increasing the capacity of the Airport to 34 Mn Passengers Per Annum.
Commenting on the occasion, Mr. Grandhi Kiran Kumar, Corporate Chairman, GMR Group
said, the offering through GHIAL reinforces our ability to raise funds from the International
Bond Markets and reflects our continued effort to create value for our investors and raise capital
for growth.
The successful pricing of the offering underscores investors' confidence in GMR
Group and credit strength of GHIAL".
GMR Hyderabad International Airport Limited (GHIAL) is promoted by the GMR Group (63%)
in partnership with Airports Authority of India (13%), Government of Telangana (13%) and
Malaysia Airports Holdings Berhad (MAHB) Group (11%).
Rajiv Gandhi International Airport (RGIA), was commissioned in 31 months and inaugurated on
March 14, 2008, with an initial capacity of 12 million passengers per annum (MPPA) and
150,000 tons of cargo handling capacity per annum.
27/01/21 UNI
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