GMR Hyderabad International Airport Limited, a GMR group company, Thursday said it is raising 300 million dollars from the overseas bond market for use in the expansion of Rajiv Gandhi International Airport here.
According to a press release issued by the infra major, the GHIAL has entered into a Purchase Agreement to issue and allot USD 300 million-5.375 per cent senior secured notes of 5-year tenure.
We are delighted on the successful pricing of this transaction, said Grandhi Kiran Kumar, the Corporate Chairman of GMR Group.
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.
