DAIL issues USD 288.75 million 6.125% senior secured fixed rate notes due 2022
GMR Infrastructure announced that its subsidiary, Delhi International Airport has successfully raised US$288,750,000 in the international bond market. DIAL has entered into a Purchase Agreement to issue and allot US$288,750,000 in principal amount of 6.125% senior secured fixed rate notes due 2022 (the Notes). The proceeds from the Notes will be used to refinance one of the current outstanding External Commercial Borrowing (ECB).The issuance of the Notes are pursuant to the regulations issued by the Reserve Bank of India (RBI) in relation to External Commercial Borrowing (ECB) and are under the automatic route and the amounts raised pursuant to the Notes are capped by the outstanding amount of the ECB being refinanced.
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