GIP in talks with Apollo Global to buy Adani bonds
AVIATION & AIRPORTS

GIP in talks with Apollo Global to buy Adani bonds

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, as the recent secondary market sell-off has made the debt instruments appealing. To be sure, 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). Earlier this year, Adani Airport Holdings (AAHL) raised $750 million in debt from US-based Apollo Global Management for 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.

Also read:
Delhi International Airport to raise funds up to Rs 16 bn via debentures
CPCB intends to give subsidies for production of pellets for green fuel

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, as the recent secondary market sell-off has made the debt instruments appealing. To be sure, 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). Earlier this year, Adani Airport Holdings (AAHL) raised $750 million in debt from US-based Apollo Global Management for 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. Also read: Delhi International Airport to raise funds up to Rs 16 bn via debentures CPCB intends to give subsidies for production of pellets for green fuel

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?