As per the media report, GMR Infrastructure has started roadshows for unit Delhi International Airport Ltd's maiden overseas bond issue.
The company is planning to raise about $ 290-300 million in dollar bonds.
The company is planning to raise about $ 290-300 million in dollar bonds.
Report said the funds will be used to retire debt on the airport's books.
Citibank and Standard Chartered are the global coordinators and joint book managers for the bond issue.
GMR's airports business had total debt of Rs. 6,323 crore as of June last year. At 1.13 PM, the stock was down 2.03% at Rs. 17. The stock has hit a high of Rs. 17.40 and a low of Rs. 16.75.
No comments:
Post a Comment