India New Issue-GMR Airports to issue multiple tenor bonds, bankers say

GMR Airports (India)

08/08/2025 06:11

MUMBAI, Aug 8 (Reuters) - India's GMR Airports GMRI.NS plans to raise 59 billion rupees ($673.47 million) through the sale of bonds maturing in 18 months as well as in three years, three merchant bankers said on Friday.

The country's largest airport operator in terms of passengers will raise 15 billion rupees through the shorter duration bonds and 44 billion rupees through three-year papers.

It has invited bids from bankers and investors for both issues on Monday.

GMR Airports did not respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on August 8:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
GMR Airports
18 months
To be decided
15
August 11
A+ (Crisil)
GMR Airports
3 years
To be decided
44
August 11
A+ (Crisil)
PGC
10 years
To be decided
10+40
August 11
AAA (Crisil, Care, Icra)

*Size includes base plus greenshoe for some issues

($1 = 87.6060 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))