GMR Hyderabad International $300 Million Notes Offering


Khaitan & Co acted as the Indian legal adviser to the Issuer in relation to the offering of 5.375% high yield senior secured USD 300 million bonds.

GMR Hyderabad International Airport successfully priced an offering of US$ 300 Mn bond in the international bond market.

GHIAL has entered into a Purchase Agreement to issue and allot US$ 300 Mn 5.375% senior secured notes of 5 year tenure (the Notes).

The proceeds from the Notes will be used towards the capital expenditure with respect to the master plan (expansion) of the Rajiv Gandhi International Airport at Hyderabad, increasing the capacity of the Airport to 34 Mn Passengers Per Annum (MPPA).

Khaitan & Co acted as the Indian legal adviser to the Issuer with a team including Manisha Shroff (Picture), Gautham Srinivas, Rolwine Alva, Oindrila Bhowmik, Nandini Paliwal, Meenakshi Kurpad and Enakshi Jha (Capital Market), Ritu Shaktawat (Partner) and Sneh Shah (Tax).

Involved fees earner: Ritu Shaktawat – Khaitan & Co.; Manisha Shroff – Khaitan & Co.; Gautham Srinivas – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: GMR Hyderabad International Airport;