Hyderabad airport secures funds for expansion
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited and a step down subsidiary of GMR Infrastructure NSE -2.16 % Limited (GMR Group), today announced that the airport company has secured funds to expand the existing Hyderabad airport.
“The company said that it had on January 26, 2021 successfully priced an offering of US$ 300 million bond in the international bond market. GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 Mn 4.75% senior secured notes of 5 year tenure (the “Notes”),” the company said in a statement.
