GMR Hyderabad International Airport Limited (GHIAL) which manages Rajiv Gandhi International Airport here on Wednesday said it has raised funds through the issuance of 10 year Listed, Rated, Redeemable, Secured Non-Convertible Debentures (NCDs) amounting to Rs 1,150 crore on private placement basis.
A press release form the company said the NCDs which were raised on Tuesday will be listed on BSE Limited.
The NCDs have been priced at an interest rate of 8.805 per cent per annum payable quarterly for an initial period of five years and thereafter the interest rate will be reset for next five years.
The issue has been subscribed by eligible investors (Qualified Institutional Buyers, registered under SEBI).
