GIP in talks with Apollo Global to buy Adani bonds
AVIATION & AIRPORTS

GIP in talks with Apollo Global to buy Adani bonds

Global Infrastructure Partners (GIP) of the United States is in talks with Apollo Global to purchase up to $175 million in offshore bonds in Adani Airports, as the recent secondary market sell-off has made the debt instruments appealing. To be sure, this is a secondary market transaction that will support secondary market prices rather than fund flow into the company. It intends to purchase bonds issued by Mumbai International Airport (MIAL). Earlier this year, Adani Airport Holdings (AAHL) raised $750 million in debt from US-based Apollo Global Management for Mumbai International Airport (MIAL). The funds were raised through USPP Debt bonds, which were privately placed in the United States. The debt papers, which have maturities of seven years or more, have a coupon of about 6.5 per cent.

Also read:
Delhi International Airport to raise funds up to Rs 16 bn via debentures
CPCB intends to give subsidies for production of pellets for green fuel

Global Infrastructure Partners (GIP) of the United States is in talks with Apollo Global to purchase up to $175 million in offshore bonds in Adani Airports, as the recent secondary market sell-off has made the debt instruments appealing. To be sure, this is a secondary market transaction that will support secondary market prices rather than fund flow into the company. It intends to purchase bonds issued by Mumbai International Airport (MIAL). Earlier this year, Adani Airport Holdings (AAHL) raised $750 million in debt from US-based Apollo Global Management for Mumbai International Airport (MIAL). The funds were raised through USPP Debt bonds, which were privately placed in the United States. The debt papers, which have maturities of seven years or more, have a coupon of about 6.5 per cent. Also read: Delhi International Airport to raise funds up to Rs 16 bn via debentures CPCB intends to give subsidies for production of pellets for green fuel

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000