Media Release on the subject "Adani Airports Secures USD 1 Billion financing from Global Investors for Mumbai International Airport"
Awaiting price reaction for this filing.
Adani Airports Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises, has raised USD 1 billion in financing for Mumbai International Airport Ltd (MIAL). The deal includes USD 750 million in notes maturing July 2029 (for refinancing) with an option to draw an additional USD 250 million, taking total financing to USD 1 billion. This marks India's first investment-grade private bond issuance in the airport sector, with an expected BBB-/stable rating. The transaction was led by Apollo-managed funds, with participation from BlackRock-managed funds, Standard Chartered, and other global institutional investors and insurance companies. Proceeds will support MIAL's modernization, capacity expansion, and its goal of achieving net zero emissions by 2029.
Positive for Adani Enterprises shareholders — the successful raise demonstrates strong global investor confidence in the Adani Airports platform and provides long-term funding flexibility for MIAL's growth and sustainability plans, potentially enhancing the valuation of the airport business within the Adani Group.