Adani Airports Secures $1 Billion Global Funding for Mumbai International Airport Development
- Adani Airports secured $1 billion from global investors led by Apollo, with participation from BlackRock and Standard Chartered.
- Funds will support refinancing, modernisation, and capacity expansion of Mumbai International Airport.
- Marks India’s first investment-grade private bond issuance in the airport infrastructure sector.
Adani Airports Holdings Limited (AAHL), the airport arm of Adani Enterprises Ltd, has secured USD 1 billion in funding from global investors to support the development and expansion of Mumbai International Airport Ltd (MIAL), the company announced.
The funding round was led by Apollo-managed funds, with participation from a syndicate of prominent global institutional investors and insurance companies, including BlackRock-managed funds and Standard Chartered, highlighting strong international confidence in India’s infrastructure growth story and Adani Airports’ operational capabilities.
The financing was structured through the issuance of USD 750 million notes maturing in July 2029, which will primarily be used for refinancing existing debt. The structure also allows for an additional USD 250 million to be raised, bringing the total funding to USD 1 billion.
AAHL stated that the capital would provide 'enhanced financial flexibility' for the airport’s modernisation, development, and capacity expansion programs. Notably, this marks India’s first investment grade (IG) rated private bond issuance in the airport infrastructure sector.
AAHL is India’s largest private airport operator, and this financial move reaffirms its commitment to transforming Mumbai International Airport into a world-class global aviation hub.
