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Home Banking & Finance

GHIAL plans Rs.60bn capital spending

Fiinews by Fiinews
March 29, 2019
in Banking & Finance, Industry Sectors, Infrastructure, Investment, Projects
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S&P rates ‘BB+’ secured notes

 

GMR Hyderabad Airport.

 

GMR Hyderabad International Airport Ltd (GHIAL; BB+/Stable/–) has planned capital spending of Rs.60 billion over the next three years from proposed the US$350 million senior secured notes.

GHIAL has already secured bank facilities to fund its capital outlays, according to S&P Global ‘BB+’ long-term issue rating to the notes.

The issue rating is subject to review of the final issuance documentation, said S&P on 26 Mar 2019.

“But we believe the proposed issuance will help optimize the company’s funding mix,” the rating agency said. fiinews.com

Tags: GMR Airports LtdGMR Hyderabad International Airport Ltd
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