GMR to raise $350 million via bonds for Delhi airport expansion
The rating agency however, said Delhi Airport's ratings are constrained by its planned capacity expansion, which would exert downward pressure on its financial metrics, the evolving regulatory environment in India and its obligation to pay 45.99 per cent of its revenue to the Airports Authority of India as a concession fee.
GMR group company, plans to raise USD 350 million through 10 year senior secured bonds for the airport expansion programme, Photo: PTI