Adani Airports Holdings Raises $1 Bn in Financing
AVIATION & AIRPORTS

Adani Airports Holdings Raises $1 Bn in Financing

Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing for Mumbai International Airport (MIAL) through a project finance structure. MIAL is a subsidiary of AAHL.

According to a statement, MIAL received a $750 million investment from a group led by affiliates of Apollo-managed funds, along with other long-term investors. The transaction involves the issuance of $750 million notes maturing in July 2029, which will be used for refinancing. The financing arrangement also provides for an additional $250 million to be raised, bringing the total funding to $1 billion.

This financing marks India’s first investment-grade rated private bond issuance in the airport infrastructure sector. The transaction was led by Apollo-managed funds, with participation from a syndicate of major institutional investors and insurance companies, including funds managed by BlackRock and Standard Chartered, among others. This participation was seen as an indication of the global confidence in India’s infrastructure sector and the strength of the Adani Airports operating platform.

AAHL reiterated its long-term commitment to transforming the airport’s infrastructure, highlighting plans for continued investment in modernisation, capacity expansion, digitisation, and technology integration. The financing is also expected to support MIAL’s sustainability efforts, including its target of achieving net-zero emissions by 2029.

This bond issuance follows AAHL’s earlier $750 million financing from a consortium of global banks. The latest transaction was described as further validation of Adani’s ability to access diversified global capital markets and attract high-quality investors to India’s next-generation infrastructure.

Arun Bansal, CEO of Adani Airports Holdings, noted that the successful issuance reflected the strength of the Adani Airports operating platform, the sound fundamentals of Mumbai International Airport, and the group’s dedication to sustainable infrastructure development.

News source: Live Mint

Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing for Mumbai International Airport (MIAL) through a project finance structure. MIAL is a subsidiary of AAHL.According to a statement, MIAL received a $750 million investment from a group led by affiliates of Apollo-managed funds, along with other long-term investors. The transaction involves the issuance of $750 million notes maturing in July 2029, which will be used for refinancing. The financing arrangement also provides for an additional $250 million to be raised, bringing the total funding to $1 billion.This financing marks India’s first investment-grade rated private bond issuance in the airport infrastructure sector. The transaction was led by Apollo-managed funds, with participation from a syndicate of major institutional investors and insurance companies, including funds managed by BlackRock and Standard Chartered, among others. This participation was seen as an indication of the global confidence in India’s infrastructure sector and the strength of the Adani Airports operating platform.AAHL reiterated its long-term commitment to transforming the airport’s infrastructure, highlighting plans for continued investment in modernisation, capacity expansion, digitisation, and technology integration. The financing is also expected to support MIAL’s sustainability efforts, including its target of achieving net-zero emissions by 2029.This bond issuance follows AAHL’s earlier $750 million financing from a consortium of global banks. The latest transaction was described as further validation of Adani’s ability to access diversified global capital markets and attract high-quality investors to India’s next-generation infrastructure.Arun Bansal, CEO of Adani Airports Holdings, noted that the successful issuance reflected the strength of the Adani Airports operating platform, the sound fundamentals of Mumbai International Airport, and the group’s dedication to sustainable infrastructure development.News source: Live Mint

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