Archive · 13 Jun 2025
BIAL Plans $1.1 Billion Bond to Expand Bengaluru Airport
BIAL, the company running Bengaluru airport, wants to borrow $1.1 billion by selling bonds.
This money will be used to pay off old loans and make the airport bigger so it can handle more people flying in and out.
Big banks are being asked to buy these bonds, which could last up to 15 years and pay interest.
The airport is growing to handle many more passengers in the future.
BIAL plans a $1.1 billion bond issue to fund airport expansion.
The funds will refinance debt and facilitate future passenger capacity growth.
Major banks like SBI, ICICI, and Axis Bank are potential bond investors.
Bonds may have a 15-year term with an approximate 8.15% interest rate.
The expansion aims to serve over 100 million passengers annually.
- Who
- Bangalore International Airport Limited (BIAL).
- What
- BIAL plans a $1.1 billion bond issuance for airport expansion and debt refinancing.
- When
- Information not available.
- Where
- Kempegowda International Airport, Bengaluru.
- Why
- To fund airport expansion and refinance existing debt.
- Bond Value
- $1.1 billion (₹9,000 crore)
- Bond Term
- Up to 15 years
- Potential Investors
- SBI, ICICI Bank, Axis Bank
- Credit Rating
- AAA (ICRA)
- Passenger Target
- Over 100 million annually
