Published on 1/27/2015 in the Prospect News Emerging Markets Daily.
New Issue: Delhi International Airport sells $288.75 million 6.12% seven-year notes at par
By Aleesia Forni
Virginia Beach, Jan. 27 – India’s Delhi International Airport (Dial) sold $288.75 million of 6.12% seven-year notes (BB) on Tuesday at par, a market source said.
The notes were sold via Regulation S.
Citigroup, HSBC, JPMorgan and Standard Chartered Bank were the bookrunners.
Proceeds will be used to refinance debt.
| Issuer: | Delhi International Airport
|
| Amount: | $288.75 million
|
| Description: | Notes
|
| Maturity: | 2022
|
| Bookrunners: | Citigroup, HSBC, JPMorgan, Standard Chartered Bank
|
| Coupon: | 6.12%
|
| Price: | Par
|
| Yield: | 6.12%
|
| Trade date: | Jan. 27
|
| Rating: | Standard & Poor’s: BB
|
| Distribution: | Regulation S
|
| Price talk: | 6 1/8% to 6¼%
|
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