GMR Airports Set to Raise Over ₹60 Billion in Landmark Bond Issue
GMR Airports is set to raise over ₹60 billion ($685.13 million) through a two-part bond offering. The issue includes ₹18 billion in 18-month bonds targeting mutual funds and ₹42 billion in 3-year bonds aimed at foreign lenders. Both bonds carry a 10.50% annual coupon rate and are rated A+ by Crisil. The company expects to complete the fundraising within days, marking a significant financial milestone.

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GMR Airports , a prominent airport operator in India, is poised to make waves in the corporate debt market with its largest bond issue to date. The company has finalized terms to raise more than ₹60 billion ($685.13 million) through a strategic two-part bond offering.
Bond Structure and Terms
The bond issue is structured as follows:
Bond Type | Amount (₹ in crores) | Tenure | Coupon Rate | Target Investors |
---|---|---|---|---|
Short-term | 1,800 | 18 months | 10.50% | Primarily mutual funds |
Long-term | 4,200 | 3 years | 10.50% | Large foreign lenders |
Key Highlights
- Total Issue Size: Over ₹60 billion ($685.13 million)
- Coupon Rate: Both bond maturities will carry an annual coupon rate of 10.50%
- Credit Rating: A+ by Crisil
Investor Appeal
The bond issue is strategically designed to attract different types of investors:
- Short-term Bonds: ₹18 billion will be raised through 18-month bonds, primarily targeting mutual funds.
- Long-term Bonds: ₹42 billion will be raised through 3-year bonds, aimed at large foreign lenders.
Timeline and Completion
The company expects to complete this significant fundraising initiative within the next few days, marking a major milestone in its financial strategy.
About GMR Airports
GMR Airports is a leading airport operator in India, managing multiple key airports including those in Delhi and Hyderabad. The company's strong credit rating of A+ by Crisil reflects its robust financial position and operational capabilities in the aviation infrastructure sector.
This landmark bond issue underscores GMR Airports' strong standing in the market and its ability to attract substantial capital for its operations and potential expansion plans. The successful completion of this bond issue could significantly bolster the company's financial position and support its future growth initiatives in the dynamic aviation sector.