Delhi International Airport Limited bond’s $350 Million Bond Offering

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.

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

Law Firms: Khaitan & Co.;

Clients: Delhi International Airport Private Limited;

Author: Michael Patrini