Latest news with #BhaskarRao
Economic Times
01-08-2025
- Business
- Economic Times
BIAL completes India's largest unlisted bond issuance in the airport sector, raising Rs 9,000 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bangalore International Airport Limited ( BIAL ), operator of Kempegowda International Airport Bengaluru on Friday announced that it has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 deal is completed, officials said. The transaction is being undertaken in two tranches of Rs 4,362 crore completed on July 25, 2025, and Rs 4,638 crore scheduled for early October 2025. SBICAPs acted as the sole arranger for this landmark issuance, it to an official statement, with a 15-year tenure, the refinancing allows BIAL to conserve capital and focus resources on funding future expansion plans. The transaction also provides significant savings in borrowing cost, driven by the AAA credit rating , a shift from MCLR-linked (Marginal Cost of funds-based Lending Rate) to fixed interest rate, and the extended maturity profile."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. The refinancing enables us to optimise our capital the long-tenor structure and improved credit rating will translate into greater value for our stakeholders, including passengers and airline partners, through enhanced affordability and infrastructure development," Bhaskar Rao, Chief Financial Officer, BIAL, Airport is India's first greenfield airport developed under the PPP (Public Private Partnership) model. It is the busiest airport in South India and the third largest in the country, the statement added.
Time of India
01-08-2025
- Business
- Time of India
BIAL completes India's largest unlisted bond issuance in the airport sector, raising Rs 9,000 crore
Bangalore International Airport Limited ( BIAL ), operator of Kempegowda International Airport Bengaluru on Friday announced that it has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. The deal is completed, officials said. The transaction is being undertaken in two tranches of Rs 4,362 crore completed on July 25, 2025, and Rs 4,638 crore scheduled for early October 2025. SBICAPs acted as the sole arranger for this landmark issuance, it said. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management MCA PGDM Product Management Artificial Intelligence Degree Management Public Policy Technology Others Data Science Digital Marketing Cybersecurity others Operations Management Data Analytics Data Science Leadership Design Thinking Finance Healthcare CXO healthcare MBA Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details According to an official statement, with a 15-year tenure, the refinancing allows BIAL to conserve capital and focus resources on funding future expansion plans. The transaction also provides significant savings in borrowing cost, driven by the AAA credit rating , a shift from MCLR-linked (Marginal Cost of funds-based Lending Rate) to fixed interest rate, and the extended maturity profile. Bonds Corner Powered By BIAL completes India's largest unlisted bond issuance in the airport sector, raising Rs 9,000 crore Bangalore International Airport Limited (BIAL), operator of Kempegowda International Airport Bengaluru on Friday announced that it has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. Long-dated euro zone bonds sell off; Trump slaps on tariffs Trump's tariffs hit India: What it means for GDP, debt and equity markets GMR Airports finalises details of its biggest bond issue: Report India 10-year bond yield tests key level amid weaker rupee, hawkish Fed Browse all Bonds News with "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. The refinancing enables us to optimise our capital structure. Importantly, the long-tenor structure and improved credit rating will translate into greater value for our stakeholders, including passengers and airline partners, through enhanced affordability and infrastructure development," Bhaskar Rao, Chief Financial Officer, BIAL, added. Live Events BLR Airport is India's first greenfield airport developed under the PPP (Public Private Partnership) model. It is the busiest airport in South India and the third largest in the country, the statement added.
News18
01-08-2025
- Business
- News18
BIAL completes private placement of NCDs worth Rs 9,000 cr
Agency: Mumbai, Aug 1 (PTI) Bangalore International Airport Limited (BIAL) — the joint venture company operating Bengaluru Airport — on Friday said it has completed the issuance of unlisted non-convertible debentures (NCDs) worth Rs 9,000 crore. The transaction is being undertaken in two tranches — Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October this year — BIAL said in a statement. 'BIAL has successfully concluded the largest unlisted private placement of non-convertible debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. With a 15-year tenure, the refinancing allows the company to conserve capital and focus resources on funding future expansion plans," it said. The transaction witnessed overwhelming investor demand across the spectrum, including banks, insurance companies, infrastructure debt funds (IDFs), and public financial institutions (PFIs), reflecting the market's strong belief in BIAL's long-term vision and governance, it stated. The transaction also provides significant savings in borrowing cost, driven by the AAA credit rating, a shift from Marginal Cost of funds-based Lending Rate (MCLR)-linked to fixed interest rate, and the extended maturity profile, the private airport operator said. BIAL is a joint venture between Fairfax India, Airports Authority of India, and Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) with Fairfax India holding 74 per cent stake and the other two other partners holding 13 per cent stake each. The 74 per cent stake of Fairfax India comprises 30.4 per cent held by its wholly-owned subsidiary and 43.6 per cent are held by its indirect subsidiary, Anchorage Infrastructure Investments Holdings Ltd. 'This 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. The refinancing enables us to optimise our capital structure," BIAL Chief Financial Officer Bhaskar Rao said. Moreover, he said, the long-tenor structure and improved credit rating will translate into greater value for the company's stakeholders, including passengers and airline partners, through enhanced affordability and infrastructure development. Overwhelming investor interest helped BIAL narrow their credit spreads and get a structure which aligns to their capital expenditure plans, said Arnab Choudhury, Group Head DCM, SBI Caps, which acted as the sole arranger for this issuance. PTI IAS RAM TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
27-07-2025
- Business
- The Hindu
Andhra Pradesh Chambers of Commerce & Industry welcomes India-U.K trade agreement
The Andhra Pradesh Chambers of Commerce & Industry hailed the India-U.K. Free Trade Agreement (FTA) signed on July 24, saying that it would open up export opportunities for many sectors in the State. As the United Kingdom gave duty-free access to 99% of Indian exports, sectors such as textiles, gems and jewellery, leather, marine products, agriculture produce, food processing, electronics, chemicals and engineering goods would get a fillip, Andhra Pradesh Chambers president P. Bhaskar Rao said in a press release. He stated that Andhra Pradesh was strong in those sectors but has been struggling for the last few years owing to the pandemic, economic slowdown and global uncertainties. With the FTA, exporters from A.P. could look forward to increased exports not just to the U.K., but also to the European Union via the U.K. Andhra Pradesh is a major exporter of seafood and the U.K.'s $5.40 billion marine import market now gives widened access with zero tariffs thereby boosting exports. Agriculture and processed food products such as turmeric, coffee, mango pulp, pulses, spices, ready‑to‑eat foods and tropical fruits would gain tariff-free U.K. access. The FTA would not only ensure immediate export gains but also has long-term advantages. With the increase in exports in multiple sectors, Andhra Pradesh could expect employment generation. 'It also promises to streamline customs procedures and remove trade barriers which will benefit Andhra Pradesh exporters, particularly those in the MSME sector,' Mr. Bhaskar Rao added.
New Indian Express
26-07-2025
- Health
- New Indian Express
Rotary to organise CPR camps, health checkups for frontline cops
BENGALURU: The June 4 stampede at Chinnaswamy Stadium that claimed 11 lives and left several police personnel injured, has shaken up Karnataka. There is a call by senior officers and civic leaders to train police and citizens in the skill of cardiopulmonary resuscitation (CPR). Throwing light on the toll law enforcement officers paid during the stampede, ADGP KV Sharath Chandra said, 'Our men and women in uniform need to be trained not just in riot control but in reviving a life. CPR is useful for both police and people.' Now, with heart attacks increasing among people in their 20s and 30s, CPR literacy has become essential. Rotary Bangalore Northwest has pledged to organize CPR training and health checkups for frontline police, especially armed and civil forces deployed on high-stress bandobast duty. Former police commissioner Bhaskar Rao, advising the public to step up during medical emergencies, said, 'Every second counts. You don't need a uniform to save a life, just training and courage.' Lakshmi Achuta, president of Rotary Bangalore Northwest and Principal Strategic Adviser, Biotech, at Biocon, said it is not enough to train only the police. 'Imagine how many lives could have been saved at the KSCA stampede if more people in the crowd knew CPR. It is about empowering everyone with a life-saving skill.' The movement has also gone global. Rajiv Thalla, based in the United States, has turned a personal heartbreak into a mission. After losing his 23-year-old son Rohan Rajiv to a sudden heart attack, he has taken it on himself to hold free CPR demonstrations, to ensure others don't suffer the same fate. He travels across cities, from Los Angeles to Lucknow, distributing educational material, and partnering with Rotary. His younger son, a doctor, stands by him. 'This isn't just about first aid, but first response. A few minutes can mean the difference between life and death. CPR gives you those minutes.'
