New Issue: India’s GMR Hyderabad sells $300 million 5 3/8% notes due 2024

By Marisa Wong

Morgantown, W.Va., April 10 – GMR Hyderabad International Airport Ltd. issued $300 million of 5 3/8% senior secured notes due 2024 on Wednesday, according to a Singapore Stock Exchange notice.

Citigroup Global Markets Inc., Hongkong and Shanghai Banking Corp. Ltd., Axis Bank Ltd., Merrill Lynch (Singapore) Pte. Ltd., J.P. Morgan Securities plc and YES Bank Ltd. IFSC Banking Unit are the bookrunners.

The issuer is a joint venture of GMR Group in partnership with Airports Authority of India, Government of Telangana and Malaysia Airports Holdings Bhd. GMR Group owns 63% of GMR Hyderabad Infrastructure Airport and is an infrastructure company based in Bangalore, India.

Issuer:	GMR Hyderabad International Airport Ltd.
Issue:	Senior secured notes
Amount:	$300 million
Maturity:	2024
Bookrunners:	Citigroup Global Markets Inc., Hongkong and Shanghai Banking Corp. Ltd., Axis Bank Ltd., Merrill Lynch (Singapore) Pte. Ltd., J.P. Morgan Securities plc and YES Bank Ltd. IFSC Banking Unit
Coupon:	5 3/8%
Settlement date:	April 10

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