{"id":540776,"date":"2022-12-05T09:42:22","date_gmt":"2022-12-05T04:12:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540776"},"modified":"2022-12-05T10:14:11","modified_gmt":"2022-12-05T04:44:11","slug":"hyderabad-airport-operator-to-raise-rs-1250-crore-to-retire-forex-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hyderabad-airport-operator-to-raise-rs-1250-crore-to-retire-forex-debt\/","title":{"rendered":"Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt"},"content":{"rendered":"<p>GMR Hyderabad International Airport Ltd (GHIAL) is planning to raise Rs 1,250 crore through non-convertible debentures (NCDs) from the domestic market to partially repay foreign exchange loans amounting to $300 million.<\/p>\n<p>GHIAL&#8217;s dollar-denominated senior secured notes (aka bonds), which carry a coupon rate of 5.37 per cent, are due for repayment in April 2024. These would be partly refinanced with 10-year NCDs at a lower rate of interest. The &#8216;AA&#8217;-rated NCDs would help improve GHIAL&#8217;s debt maturity profile, rating agency Icra said in a statement.<\/p>\n<p>Icra also upgraded the outlook on various financial instruments from \u201cstable\u201d to \u201cpositive\u201d, while factoring in the expected improvement in GHIAL\u2019s credit profile, supported by build-up in non-aeronautical (non-aero) revenues to the pre-Covid level in FY2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMR Hyderabad International Airport Ltd (GHIAL) is planning to raise Rs 1,250 crore through non-convertible debentures (NCDs) from the domestic market to partially repay foreign exchange loans amounting to $300 million. GHIAL&#8217;s dollar-denominated senior secured notes (aka bonds), which carry a coupon rate of 5.37 per cent, are due for repayment in April 2024. These would be partly refinanced with 10-year NCDs at a lower rate of interest. The &#8216;AA&#8217;-rated NCDs would help improve GHIAL&#8217;s debt maturity profile, rating agency Icra said in a statement. Icra also upgraded the outlook on various financial instruments from \u201cstable\u201d to \u201cpositive\u201d, while factoring [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-540776","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540776"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540776\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}