Gautam Adani seeks $1 billion in bonds to refinance Mumbai airport debt
Billionaire Gautam Adani is seeking to raise as much as one billion dollars through a bond sale in January to refinance debt of Mumbai’s international airport, according to people familiar with the matter.
Barclays Plc., JPMorgan Chase & Co. and Deutsche Bank AG are among the banks arranging the bond sale to raise funds for Adani Airport Holdings Ltd., the people said, asking not to be named as the information is private. The proceeds will be used to refinance a rupee loan taken earlier this year, they said.
