Delhi International Airport to issue 15-year bonds, bankers say

Indira Gandhi International Airport
| Photo Credit:
MOORTHY RV

India’s Delhi International Airport plans to raise ₹1,000 crore ($114.28 million) selling bonds maturing in 15 years, two merchant bankers said on Thursday. The company has invited bids from bankers and investors on Friday, and the coupon would be payable on a quarterly basis and will be reset at the end of the fifth year and 10th year.

The bonds would also have a staggered redemption and will mature equally from the end of sixth year to maturity. The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 28: Issuer Tenure Coupon (in %) Issue size (in Rating bln rupees)* Bidding date Delhi International 15 years 8.75 10 August AA- (Icra, India Airport (quarterly) 29 Ratings) * Size includes base plus greenshoe for some issues ($1 = 87.5060 Indian rupees).

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Published on August 28, 2025