GMR Hyderabad International Airport Limited (GHIAL) plans to raise Rs 12.5 billion through NCDs to be used for prepaying the dollar bonds maturing in April 2024 or February 2026. As of September 30, 2022, GHIAL (excluding subsidiaries) had a debt of Rs 70.5 billion, which consisted of bonds worth $950 million. The dollar bonds have bullet maturities in April 2024, February 2026 and October 2027.
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