GMR unit to raise $300 million for airport expansion
Hyderabad: 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.
