+
BIAL to Raise Rs 46 Billion in Bonds for Expansion
AVIATION & AIRPORTS

BIAL to Raise Rs 46 Billion in Bonds for Expansion

Bangalore International Airport Ltd (BIAL), operator of India’s third-busiest airport, plans to raise over Rs 46.3 billion (approximately USD 535 million) through a second tranche of bonds by early October, according to three sources familiar with the matter.
Earlier this month, BIAL secured Rs 43.62 billion via the sale of 15-year bonds carrying a monthly coupon of 8.15 per cent. The second tranche is expected to be raised at a similar rate, the sources said, requesting anonymity due to the private nature of the discussions. The company has not yet responded to Reuters’ request for comment.
The bonds have been rated AAA by Crisil Ratings, India Ratings, and ICRA. SBI Capital Markets, which arranged the first tranche, will also manage the second issue. The bonds will again have a 15-year maturity but will be privately placed rather than auctioned via an electronic bond platform.
The previous issue saw broad participation from banks, insurance firms, and infrastructure-focused funds. Proceeds from the bond sale will be used to refinance existing debt and fund new capital expenditure.
According to ICRA, BIAL plans to invest Rs 155 billion between FY26 and FY30 to expand its airport capacity. The move is expected to boost annual passenger handling from 51.5 million to between 80 and 85 million.

Bangalore International Airport Ltd (BIAL), operator of India’s third-busiest airport, plans to raise over Rs 46.3 billion (approximately USD 535 million) through a second tranche of bonds by early October, according to three sources familiar with the matter.Earlier this month, BIAL secured Rs 43.62 billion via the sale of 15-year bonds carrying a monthly coupon of 8.15 per cent. The second tranche is expected to be raised at a similar rate, the sources said, requesting anonymity due to the private nature of the discussions. The company has not yet responded to Reuters’ request for comment.The bonds have been rated AAA by Crisil Ratings, India Ratings, and ICRA. SBI Capital Markets, which arranged the first tranche, will also manage the second issue. The bonds will again have a 15-year maturity but will be privately placed rather than auctioned via an electronic bond platform.The previous issue saw broad participation from banks, insurance firms, and infrastructure-focused funds. Proceeds from the bond sale will be used to refinance existing debt and fund new capital expenditure.According to ICRA, BIAL plans to invest Rs 155 billion between FY26 and FY30 to expand its airport capacity. The move is expected to boost annual passenger handling from 51.5 million to between 80 and 85 million.

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