BIAL Aims to Secure Over $535 Million in Second Bond Tranche by Early October

Bangalore International Airport Ltd (BIAL) plans to raise over ₹4,630 crore (around $535 million) through a second tranche of bonds by early October, according to reports by Reuters. The funds will be used for refinancing existing debt and capital expenditure.

15-Year Bonds, Private Placement

The upcoming issuance will be in the form of 15-year bonds, similar to the earlier tranche. This time, however, the bonds will be privately placed rather than auctioned on an electronic bond platform. Coupon rates are expected to match the earlier issue, at around 8.15% paid monthly.

Earlier Phase Raised ₹4,362 Crore

Earlier in July, BIAL raised ₹4,362 crore through a 15-year bond issue with monthly payouts. That issue was arranged by SBI Capital Markets and saw participation from banks, insurance companies, and infrastructure-focused funds.

Expansion Plan Worth ₹15,500 Crore

According to the ICRA report, BIAL has planned a capital expenditure of ₹15,500 crore over FY26 to FY30. The investment aims to expand the airport’s passenger handling capacity from 51.5 million to around 80-85 million annually.

The company has not yet made any comments on the bond issuance or expansion plans.

Read More: Adani Airports IPO Likely by 2027 Amid $100B Expansion Plan!

Conclusion

The second tranche is part of BIAL’s broader funding plans for long-term infrastructure development and debt servicing. The airport operator continues to use the bond market to support upcoming expansion phases.

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