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Adani Airports Raises $120 Million Through Local Bond Sale
Adani Airport Holdings borrowed ₹1,000 crore by selling bonds in India.
Bonds are a way for companies to borrow money from investors.
The bonds will last for three years.
Investors will receive interest at an annual rate of 8.96%, paid every three months.
India Ratings gave the bonds an AA- rating.
The company plans to use the money to improve and expand its airports.
It sold the bonds before an important Reserve Bank of India policy meeting.
Adani Airports had also recently received about $1 billion from several large investment groups.
Adani Airport Holdings raised ₹1,000 crore, or about $120 million, through three-year rupee-denominated bonds.
The bonds carry an annual coupon of 8.96%, payable quarterly, and are rated AA- by India Ratings.
The proceeds will fund capital expenditure across Adani’s airport network and support broader growth plans.
The issue was launched ahead of the Reserve Bank of India’s October 7 monetary policy decision.
The company recently raised about $1 billion from private equity investors at an estimated valuation of $18 billion.
- Who
- Adani Airport Holdings, with the bond purchase made by investors.
- What
- The company raised ₹1,000 crore, or approximately $120 million, through three-year rupee-denominated bonds.
- Where
- Through India’s local bond market.
- When
- The transaction was reported on September 29, 2026, ahead of the Reserve Bank of India’s October 7 policy decision.
- Why
- To fund capital expenditure across Adani’s airport network and support broader growth plans.
Key facts
- Amount raised
- ₹1,000 crore, approximately $120 million
- Bond term
- Three years
- Interest rate
- 8.96% annually, paid quarterly
- Credit rating
- AA- by India Ratings
- Planned use
- Airport-network capital expenditure and broader growth plans
- Recent fundraising
- About $1 billion from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds
- Reported valuation
- Approximately $18 billion after the recent private equity fundraising
Sources
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