Adani Airport Holdings plans to raise funds through the sale of two bonds, one maturing in three years and the other in five years, three bankers said on Wednesday. The company plans to raise 750 million rupees ($9.05 million) each via these issues and has invited bids from bankers and investors on March 13, they said. Last month, Reuters had reported that the company is looking to raise funds via shorter-tenor bonds by March.
On Monday, Adani group company issued its first dollar bond since a short-seller attack last year, which was seen internally as a test for the conglomerate’s access to global capital markets.
Adani group companies are expected to tap both the domestic and international bond markets in the coming months, according to bankers.