Global Infrastructure Partners (GIP) of the United States is in talks with Apollo Global to purchase up to $175 million in offshore bonds in Adani Airports. This is a secondary market transaction that will support secondary market prices rather than fund flow into the company. It intends to purchase bonds issued by Mumbai International Airport (MIAL). The funds were raised through USPP Debt bonds, which were privately placed in the United States. The debt papers, which have maturities of seven years or more, have a coupon of about 6.5 per cent.
Contact: Global Infrastructure
Partners
Tel: 022-5085 5800
Website: www.global-infra.com
