Adani Airport Holdings raises $120 million through local bond issue

Adani Airport Holdings has raised $120 million through a local bond issue, selling three-year bonds with an 8.96% coupon rate per annum. This funding will support the company's capital expenditure across its airport network, helping to enhance growth. The successful bond sale is a significant development for Adani Airport Holdings, which has also recently secured around $1 billion from private equity investors. This influx of capital will likely boost the company's operations and contribute to its growth in the airport sector.

Why it matters

Adani Airport Holdings has raised capital to support its operations. This could improve investor sentiment and increase confidence in the company's ability to execute its plans.

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