GMR Airports raises Rs 1,100 crore through non-convertible bonds

New Delhi: GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.

The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.

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The bonds have a coupon rate of 5 percent and a tenure of 36 months.

The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.

GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

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