Adani Energy Solutions Ltd.ADANIENSOL₹857.90 +2.47%

Adani Airports Holdings Limited, a subsidiary of Adani Enterprises Ltd., has secured USD 1 billion in project finance for Mumbai International Airport Ltd (MIAL), marking a major milestone in Indian infrastructure financing. This includes the issuance of USD 750 million in investment-grade notes maturing in July 2029, with the option to raise an additional USD 250 million.

This is India’s first investment-grade private bond issuance in the airport sector and represents one of the largest private infrastructure financings in the country. The funding will support MIAL’s modernization, capacity expansion, and sustainability initiatives, including its commitment to achieve net-zero emissions by 2029.

The issuance was led by Apollo-managed funds, with participation from global investors including BlackRock-managed funds and Standard Chartered, underscoring international confidence in India’s airport infrastructure and Adani’s operating platform. The notes are expected to be rated BBB-/Stable, backed by MIAL’s stable cash flows and operational strength.

Adani Enterprises, through AAHL, operates eight airports across India, accounting for 23% of the country’s passenger footfall and 30% of air cargo traffic. AAHL holds a 74% stake in Mumbai International Airport and is also developing the upcoming Navi Mumbai International Airport.

The funds raised will also provide financial flexibility for MIAL’s capital expenditure program and further accelerate the group’s broader ambition to transform airports into integrated hubs of mobility, commerce, and experience.

Note: The stock price mentioned is as of 12:15 AM.

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