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GMR to raise $350 million via bonds for Delhi airport expansion

Updated : May 07, 2019 11:41 AM IST

Proceeds from the proposed bond would be used to help fund a major expansion to increase the passenger handling capacity of Indira Gandhi International Airport to up to 100 million passengers per annum.
Credit rating agency Moody's has assigned a Ba2 rating for the proposed bonds.
Moody's said the Delhi airport's ratings are constrained by its planned capacity expansion, which would exert downward pressure on its financial metrics.
GMR to raise $350 million via bonds for Delhi airport expansion

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