Khaitan & Co advised DIAL in their third high yield bond issuance
Delhi International Airport (Dial) has raised $350 million by selling 10-year dollarNSE 0.20 % bonds
The bonds were priced at 6.45 per cent, 30 bps tighter than the 6.75 per cent initial guidance. Proceeds will be used to expand operations.
Delhi International Airport Limited operates as a subsidiary of GMR Airports Limited and a step-down subsidiary of GMR Infrastructure Limited
Khaitan & Co advised Delhi International Airport on the deal with a team including Manisha Shroff (Picture), Gautham Srinivas, Rolwine Alva, Sathvik Ponappa, Mazahir Bootwala, Nandini Paliwal and Enakshi Jha. Ritu Shaktawat and Sneh Shah advised on the taxation aspects.
Law Firms: Khaitan & Co.;