DIAL to raise up to Rs 7.44 billion in unsecured NCDs

Delhi International Airport (DIAL) is expected to raise up to Rs 7.44 billion in unsecured non-convertible debentures (NCDs). These are expected to have a tenor of seven years. The proceeds of this will be used for partly refinancing the NCDs due in October 2025. The NCDs will mature in August 2030 and are priced at 9.75 per cent. The anchor portion and non-anchor portion are Rs 2.23 billion and Rs 5.2 billion respectively.