Mumbai, June 24 (NationPress) Adani Airports Holdings Limited (AAHL) announced on Tuesday that it has successfully secured $1 billion in financing through a project finance structure for its Mumbai International Airport Ltd (MIAL).

This transaction involves the issuance of $750 million notes maturing in July 2029, which will facilitate refinancing.

The financing arrangement also includes a provision to raise an additional $250 million, culminating in a total financing of $1 billion.

This framework aims to enhance financial flexibility for MIAL's capital expenditure program focused on development, modernization, and capacity enhancement, as stated by the company, which is a wholly-owned subsidiary of Adani Enterprises Ltd and India’s largest private airport operator.

This issuance follows AAHL’s previous $750 million financing from a consortium of global banks. The latest transaction further validates Adani’s access to diverse global capital markets and its ability to attract high-quality investors to India’s next-generation infrastructure platform.

“This successful issuance underscores the strength of Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development,” remarked Arun Bansal, CEO of Adani Airports Holdings Ltd.

“With participation from Apollo-managed funds and leading institutional investors, we are excited to deepen our access to global capital pools. Our capability to secure one of the largest private investment-grade project finance issuances reflects our dedication to financial discipline, capital efficiency, and long-term value creation,” he further added.

This marks India’s first investment-grade (IG) rated private bond issuance in the airport infrastructure sector.

The transaction was spearheaded by Apollo-managed funds, along with participation from a syndicate of prominent institutional investors and insurance companies, including BlackRock-managed funds and Standard Chartered, showcasing global confidence in India’s infrastructure opportunities and Adani Airports’ operational platform.

Supported by MIAL’s stable asset base and cash flows, the notes are anticipated to receive a BBB-/stable rating.

AAHL reiterated its commitment to a long-term vision of transforming airport infrastructure through ongoing investments in modernization, capacity expansion, digitization, and technology integration.

The transaction will also expedite MIAL’s sustainability agenda, furthering its goal of achieving net-zero emissions by 2029.

AAHL was incorporated in 2019 as a wholly-owned subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group.