IFLR1000

Delhi International Airport $289 million 6.125% high yield bond issue

5/2/2015
High-yield bond/note issue
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$ 289 million

Completed

5/2/2015

Overview:

  • Delhi International Airport has raised $289 million through an oversubscribed Reg S high yield bond issue.
  • The seven year bond has a rate of 6.125%.
  • Citigroup, Standard Chartered, HSBC, JPMorgan and KKR Capital Markets acted as underwriters.
  • The deal is the first issue by a infrastructure project company in India.

Sam Duke - Editor

Jurisdictions:

United States
India
Singapore

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Transport
Aviation

Firms:
Cyril Amarchand Mangaldas

Party: IDFC (Lender)

Party: India Infrastructure Finance Company (Lender)

Party: ICICI Bank (Lender)

Party: Canara Bank (Lender)

Lawyer: Amey Pathak

Davis Polk & Wardwell

Party: Delhi International Airport (Issuer)

Lawyers: William Barron, William Barron

Milbank

Party: Citigroup (Underwriter)

Party: Standard Chartered (Underwriter)

Party: HSBC (Underwriter)

Party: JPMorgan Chase (Underwriter)

Party: KKR Capital Markets (Underwriter)

Lawyer: Naomi Ishikawa (retired)

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