DIAL looks to refinance debt via masala bonds

Delhi International Airport Limited (DIAL) is considering refinancing debt of about Rs 30 billion by raising money through masala bonds or dollar-denominated paper. DIAL has a total project debt of Rs 45.23 billion. In January 2016, DIAL had raised $289 million (about Rs 19.2 billion at the current exchange rate) through a considerably oversubscribed bond issue.

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