Adani Airports Holdings Limited has secured $1 billion in financing through a project finance structure for the Mumbai International Airport Limited. The transaction comprises the issuance of $750 million notes maturing in July 2029, to be used for refinancing, and a provision to raise an additional $250 million. Apollo-managed funds led the transaction, with participation from BlackRock-managed funds and Standard Chartered, among others. This is reportedly the country’s first investment-grade (IG)-rated private bond issuance in the airport infrastructure sector.
