Delhi International Airport (DIAL), a GMR Group company, plans to raise USD 350 million through 10 year senior secured bonds for the airport expansion programme.
The proceeds from the bond will be utilised to help fund an expansion to raise passenger handling capacity of Indira Gandhi International Airport up to 100 million passengers per annum.
The capacity expansion is expected to cost up to Rs 98 billion (Rs 9,800 crore) over a three-year development phase.