Mon 09/18/2023 06:13 AM
GMR Airports Infrastructure subsidiary GMR Goa International Airport Ltd. plans to raise up to INR 24.2 billion ($291.6 million) through an issue of privately placed 10-year non-convertible debentures, or NCDs, two sources familiar with the matter said. The NCDs will have a five-year put option and an annual coupon of around 10.5% payable quarterly, the sources said.
JPMorgan and Axis Bank are arrangers for the NCD issue, and Axis Trustee Services is the trustee, the sources added. Deal...
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