GMR Airports to Raise INR15 Billion Via Bonds to Refinance Existing Debt
GMR Airports (NSE:GMRAIRPORT, BOM:532754) will raise up to 15 billion Indian rupees through a private placement of bonds to refinance existing bonds of the same amount.The unsecured, rated and redeemable nonconvertible bonds carry a 5% coupon and will have a tenure of up to 36 months, according to a Monday filing on Indian bourses.The bonds will be listed on the BSE wholesale debt market segment.