GMR Hyderabad plans $300 mn offshore bond

GMR Hyderabad International Airport (GHIAL) will raise Rs 1,660-2,000 crore by selling offshore bonds. The GMR Group is contemplating a variety of fund-raising options to reduce debt, refinance existing debt and lower cost of debt, which include tapping bond markets in India and abroad. GHIAL is a PPP that was incorporated to build, design, finance, operate and maintain the Rajiv Gandhi International Airport. Contact: GMR Group. Website: www.gmrgroup.in