India New Issue-Bangalore International Airport to issue 15-year bonds, bankers say

Bangalore International Airport Ltd (BIAL) will raise 46.38 billion rupees ($522 million) through a second tranche of 15-year bonds, offering an 8.15% monthly coupon. This follows a similar 43.62 billion rupees bond sale in July. The company, which operates India’s third-busiest airport, will reset these bonds after 10 years.

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