GMR Hyderabad International Airport Limited (GHIAL) has secured funds to expand the existing Hyderabad airport. On January 26, 2021, it successfully priced an offering of a $300 million bond in the international bond market. GHIAL has entered into a purchase agreement to issue and allot $300 million 4.75 per cent senior secured notes of five-year tenor. The proceeds from the notes will be used towards capital expenditure with respect to the master plan (expansion) of the Rajiv Gandhi International Airport at Hyderabad, increasing the capacity of the airport to 34 million passengers per annum.
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