Adani Airport Holdings Limited operates seven major airports across India and is preparing to open a new international hub worth $two billion on the outskirts of Mumbai.

This would be the Group’s second significant offshore fundraising within a month, suggesting increased confidence among global lenders, despite an ongoing bribery probe by the United States Department of Justice involving its founder, Gautam Adani.

The loan tenure is likely to be under five years, although final terms remain under discussion. Earlier in April, Adani secured approximately $750 million via an offshore private placement bond, with BlackRock Inc. subscribing to about one-third. The proceeds were used to acquire a construction company.

In March, state-owned Power Finance Corporation Limited refinanced a $one billion construction-linked loan for Adani Green Energy Limited.

Source: Bloomberg