+
BIAL Targets October Closure for $535 Million Bond Issue
AVIATION & AIRPORTS

BIAL Targets October Closure for $535 Million Bond Issue

The upcoming bond issue follows a successful Rs 43.62 billion raise earlier this month, in which BIAL sold 15-year bonds at a monthly coupon rate of 8.15%. The second tranche is expected to be issued at a similar rate, sources said, requesting anonymity as the discussions remain confidential.

The bonds will carry a AAA rating from Crisil Ratings, India Ratings, and ICRA, reflecting strong investor confidence. Unlike the first tranche, which was auctioned on an electronic bond platform, the second issue will be privately placed, sources added.

SBI Capital Markets, which arranged the earlier transaction, will also manage the second tranche.

“The deal was closed with wide participation from banks, insurance companies, and infrastructure-focused funds,” one source noted. Proceeds will be utilised for refinancing existing debt and capital expenditure.

According to an ICRA report, BIAL plans to invest Rs 155 billion in capital expansion between FY26 and FY30. This is expected to increase its annual passenger handling capacity from 51.5 million to 80–85 million, aligning with growing demand at Kempegowda International Airport, Bengaluru.

BIAL did not respond to a request for comment from Reuters.

News source: Reuters

The upcoming bond issue follows a successful Rs 43.62 billion raise earlier this month, in which BIAL sold 15-year bonds at a monthly coupon rate of 8.15%. The second tranche is expected to be issued at a similar rate, sources said, requesting anonymity as the discussions remain confidential.The bonds will carry a AAA rating from Crisil Ratings, India Ratings, and ICRA, reflecting strong investor confidence. Unlike the first tranche, which was auctioned on an electronic bond platform, the second issue will be privately placed, sources added.SBI Capital Markets, which arranged the earlier transaction, will also manage the second tranche.“The deal was closed with wide participation from banks, insurance companies, and infrastructure-focused funds,” one source noted. Proceeds will be utilised for refinancing existing debt and capital expenditure.According to an ICRA report, BIAL plans to invest Rs 155 billion in capital expansion between FY26 and FY30. This is expected to increase its annual passenger handling capacity from 51.5 million to 80–85 million, aligning with growing demand at Kempegowda International Airport, Bengaluru.BIAL did not respond to a request for comment from Reuters.News source: Reuters

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code