Debt

Debt Financing

Jewar airport achieves financial closure; raises Rs.3,725-Cr from SBI

Economic Times  

Yamuna International Airport Pvt Ltd (YIAPL) has arranged funds to construct the international airport in Greater Noida's Jewar, which will be the second airport for Delhi-NCR. It has raised INR 3,725 crore in debt from the State Bank of India, to be repaid over 20 years, with one-year moratorium post completion of the project. The project is being funded on a debt-to-equity ratio of 65:35. Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is the main shareholder of YIAPL and is injecting INR 2,005 crore as equity into its development.