<p>Bengaluru: The Bangalore International Airport Limited (BIAL), operator of the Kempegowda International Airport, has raised Rs 9,000 crore through the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector.</p><p>The funds will be used to refinance existing debt and support future infrastructure expansion, BIAL said in a press note.</p><p>The fundraising is split into two tranches: Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October.</p><p>SBI Capital Markets (SBICAPs) acted as the sole arranger.</p><p>With a 15-year tenure, the refinancing structure enables BIAL to optimise its capital structure, shift to fixed interest rates, and lower borrowing costs.</p>.Govt aims to make Bengaluru as deep tech capital: Siddaramaiah.<p>“This landmark issuance is a significant milestone for BIAL as it not only reflects strong investor confidence in our long-term vision, but also strategically strengthens our financial position ahead of the next phase of expansion,” said Bhaskar Rao, Chief Financial Officer, BIAL.</p><p>The deal attracted a broad mix of investors, including banks, insurance firms, Infrastructure Debt Funds (IDFs), and Public Financial Institutions (PFIs).</p><p>The Kempegowda International Airport (KIA), South India’s busiest, handled over 41.88 million passengers and 5,02,480 metric tonnes of cargo in the last financial year, the press note said.</p>
<p>Bengaluru: The Bangalore International Airport Limited (BIAL), operator of the Kempegowda International Airport, has raised Rs 9,000 crore through the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India’s airport sector.</p><p>The funds will be used to refinance existing debt and support future infrastructure expansion, BIAL said in a press note.</p><p>The fundraising is split into two tranches: Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October.</p><p>SBI Capital Markets (SBICAPs) acted as the sole arranger.</p><p>With a 15-year tenure, the refinancing structure enables BIAL to optimise its capital structure, shift to fixed interest rates, and lower borrowing costs.</p>.Govt aims to make Bengaluru as deep tech capital: Siddaramaiah.<p>“This landmark issuance is a significant milestone for BIAL as it not only reflects strong investor confidence in our long-term vision, but also strategically strengthens our financial position ahead of the next phase of expansion,” said Bhaskar Rao, Chief Financial Officer, BIAL.</p><p>The deal attracted a broad mix of investors, including banks, insurance firms, Infrastructure Debt Funds (IDFs), and Public Financial Institutions (PFIs).</p><p>The Kempegowda International Airport (KIA), South India’s busiest, handled over 41.88 million passengers and 5,02,480 metric tonnes of cargo in the last financial year, the press note said.</p>
