01-08-2025
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.
