Daijiworld Media Network – New Delhi
New Delhi, Jun 24: In a major boost to India’s aviation infrastructure, Adani Airports Holdings Limited (AAHL), a subsidiary of Adani Enterprises and the country’s largest private airport operator, has successfully raised $1 billion in funding for the expansion of Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA).
The funding has been secured through a strategic project finance structure and includes a $750 million bond issuance maturing in July 2029. Additionally, there is an embedded provision to raise another $250 million, bringing the total value to a significant $1 billion. The capital raised will support extensive development, modernisation, and capacity enhancement initiatives at CSMIA.
AAHL stated that this transaction marks India’s first investment-grade (IG) rated private bond issuance in the airport infrastructure sector. The landmark deal was led by Apollo-managed funds and saw enthusiastic participation from several global institutional investors and insurance giants, including BlackRock-managed funds and Standard Chartered, reflecting strong international confidence in India’s booming infrastructure sector and the Adani Group’s execution capabilities.
“This successful issuance validates the strength of the Adani Airports’ operating platform and Mumbai International Airport’s robust fundamentals,” said AAHL CEO Arun Bansal. “The participation from global financial leaders underlines our disciplined approach to sustainable infrastructure development and long-term value creation.”
The notes are expected to receive a BBB- / Stable rating, backed by MIAL’s stable cash flow, asset base, and operational efficiency.
The financing is also seen as a key enabler in MIAL’s sustainability journey, accelerating its goal to achieve net zero emissions by 2029, a milestone for the Indian aviation sector.
Legal advisors for the transaction included A&O Shearman and Cyril Amarchand Mangaldas for MIAL, while Milbank LLP and Khaitan & Co represented the investors.
This latest capital raise follows AAHL’s earlier $750 million funding from a consortium of global banks, reaffirming its strong access to international financial markets and unwavering commitment to transforming India’s airport infrastructure through digital integration, capacity expansion, and green innovations.