by Amruth Sundarkumar | Mar 9, 2023 | High Yield Bonds, India
GMR Hyderabad’s buyback offer to purchase for cash up to $100mn of its 5.375% 2024s and its 4.75% 2026s received $179mn in tenders at the early deadline of March 6. As per IFR, GMR Hyderabad is planning to finance the buyback via a planned INR 8.4bn ($103mn)...
by Amruth Sundarkumar | Feb 23, 2023 | High Yield Bonds, India
GMR Hyderabad Airport announced a tender offer for two of its dollar bonds where it is offering to purchase for cash up to $100mn of its 5.375% 2024s and its 4.75% 2026s. For the 2024s, bondholders that accept the tender before the early deadline of March 6, will...
by Amruth Sundarkumar | Dec 13, 2022 | High Yield Bonds, India
GMR Hyderabad International Airport accepted a combined $139.125mn of its 2024s and 2026s. Earlier this month, GMR Hyderabad launched a tender offer for its $300mn 5.375% 2024s and $300mn 4.75% 2026s offering to buy the 2024s at par and the 2026s at $930 per $1,000 in...
by Amruth Sundarkumar | Dec 5, 2022 | High Yield Bonds, India
GMR Hyderabad launched a tender offer for its $300mn 5.375% 2024s and $300mn 4.75% 2026s. It said that it will accept up to $140mn of its outstanding 2024s and 2026s combined. It is offering to buy the 2024s at par and the 2026s at $930 per $1,000 in principal. The...
by Amruth Sundarkumar | Jan 12, 2022 | High Yield Bonds, India
Dollar bonds of Indian airports like Delhi International Airport Ltd (DIAL) and GMR are down 3-4 points in the week. The moves come after the new Covid variant Omicron which has seen some airlines cut their capacity. For example, Vistara, the airline JV between Tata...
