BIAL secures ₹9,000 crore through the biggest unlisted bond issuance in India’s airport infrastructure sector.
Bangalore International Airport (BIAL), operator of Kempegowda International Airport, has executed India’s largest unlisted bond placement in the airport sector, raising ₹9,000 crore via Non-Convertible Debentures (NCDs). Conducted through private placement, the issuance is split into two tranches, ₹4,362 crore closed on July 25, and ₹4,638 crore to follow in October 2025.
Arranged solely by SBICAPs, the 15-year refinancing initiative is aimed at reducing borrowing costs and supporting upcoming expansion. The shift to fixed-rate interest, backed by a AAA credit rating, enhances BIAL’s financial stability.
According to BIAL CFO Bhaskar Rao, the move reflects strong investor confidence and positions the company strategically for long-term growth. Investors included banks, insurers, IDFs, and PFIs.
With 43 years remaining in its PPP concession period, BLR Airport remains focused on infrastructure upgrades and delivering value to stakeholders through affordable and modernised airport services.
