Delhi Airport plans Rs 3,500 cr bond sale for debt recast
· economictimes.indiatimes.com
Delhi International Airport (DIAL) is embarking on a financial strategy by issuing bonds worth ₹3,550 crore over a 15-year duration, with the primary goal of refinancing existing dollar debt. This initiative is designed to secure long-term funding in rupees while providing greater repayment flexibility. Anticipated to yield a coupon rate near 9.
The proposed bond issue is expected to be priced at about 9.50%, although the final coupon is yet to be determined and will depend on market conditions and inve...