GMR Airports Raises Rs 1,100 Cr Through Non-Convertible Bonds

New Delhi, Feb 25 (PTI) GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.

The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.

The bonds have a coupon rate of 5 per cent and a tenure of 36 months.

The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.

GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.