India New Issue-Delhi International Airport to issue 7-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, April 6 (Reuters) - India's Delhi International Airport plans to raise at least 12 billion rupees ($146.50 million) through bonds maturing in seven years, three merchant bankers said on Thursday. The company will pay a quarterly coupon of 9.75% on this bond issue, for which it has invited bids from investors and bankers on Wednesday.


The issue also has a greenshoe option to retain an additional subscription of up to 2 billion rupees. The bonds are rated A+ by ICRA and the issue will be settled on April 13. ($1 = 81.9090 Indian rupees) (Reporting by Bhakti Tambe Editing by Shinjini Ganguli)

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