Debt

Debt financing

GMR Hyderabad Airport raises Rs.2,100 Cr to repay overseas debt

GMR Hyderabad International Airport has raised about INR 2,100 crore through a long-term rupee bond, refinancing an upcoming dollar debt maturity. Deutsche Bank and Axis Bank acted as arrangers as well as investors in the deal.The 15-year bond was priced at an internal rate of return of about 7.82%, with step-ups after five and 10 years. Proceeds of the issue will be used to refinance overseas dollar bonds maturing in early February 2026.Following the February 2026 maturity, GHIAL faces another bullet repayment of about USD 350 million in October 2027.