Adani Airports Holdings (AAHL), a wholly-owned subsidiary of Adani Enterprises and India’s largest private airport operator, has secured USD one billion (Rs 8,400 crore) in financing for Mumbai International Airport (MIAL). The landmark transaction marks India’s first investment-grade (IG) rated private bond issuance in the airport infrastructure sector.

The funds were raised through a project finance structure that includes the issuance of USD 750 million (Rs 6,300 crore) in notes maturing in July 2029, along with an option to raise an additional USD 250 million (Rs 2,100 crore). The financing framework is aimed at supporting MIAL’s long-term strategic vision, including development, modernisation, and capacity expansion initiatives. A key priority within this vision is the airport’s commitment to achieving net zero emissions by 2029, reflecting Adani’s broader sustainability goals.

The transaction attracted strong interest from global institutional investors, including major insurance companies. It was led by Apollo-managed funds and included participation from BlackRock-managed funds, Standard Chartered, and others—highlighting international confidence in India’s infrastructure sector and Adani Airports’ operational strength.