The deal is complete, officials said. The transaction is carried out in two tranches of RS 4,362 Crore completed on July 25, 2025, and RS 4,638 Crore planned for the beginning of October 2025. Sbicap’s acted as the only arranger for this historical issue, said it.
According to an official statement, with a 15-year term of office, the refinancing BIAL enables to maintain capital and to concentrate resources on the financing of future expansion plans. The transaction also offers significant savings in the loan costs, powered by the AAA creditworthiness, a shift from MCLR-linked (marginal costs of funds-based loans) to fixed interest and the extensive duration profile.
“This historical issue is an important milestone for Bial, because it not only reflects strong investor confidence in our long -term vision, but also our financial position strategically strengthened prior to the next expansion phase. The refinancing enables us to optimize our capital structure.
It is important that the structure with long rent and improved creditworthiness translate into a greater value for our stakeholders, including passengers and aviation partners, through improved affordability and development of infrastructure, “Bhaskar RAO, Chief Financial Officer, Bial, added.
BLR Airport is the first Greenfield Airport from India developed under the PPP (Public Private Partnership) model. It is the busiest airport in South India and the third largest in the country, added the explanation.
#BIAL #completes #largest #aforementioned #bond #issue #India #airport #sector #raises #crore