Adani Airport Holdings Plans to Raise ₹1,500 Crore via 3 Year Bonds for 6 Airports

As per The Economic Times report, Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Ltd announced a bond issue of up to ₹1,500 crore, priced at 8.45% with quarterly interest, to consolidate financing for 6 of its airports. 

Bond Issue Details and Target Airports 

The 3‑year bonds will be arranged by Trust Investment Advisors and carry an AA‑ rating from India Ratings.  

The proceeds are earmarked for airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, all located in major state capitals or large cities across Gujarat, Uttar Pradesh, Rajasthan, Assam, Karnataka and Kerala. 

Capacity and Debt Management 

Collectively the 6 airports handle about 3,90,00,000 passengers annually. An India Ratings report projects this figure to double by FY30, prompting the need for additional capital while restricting further indebtedness at the individual airport level. 

Read More: Adani Enterprises Announces Record Date for Second and Final Call of Rights Issue! 

Previous Funding Activities 

AAHL previously issued non‑convertible debentures totalling ₹400 crore in FY24 and FY25, with maturities between 2027 and 2029.  

Those funds were allocated to capital expenditure requirements. The current bond issue follows a broader revival in domestic debt issuance across the Adani Group, including recent raises by Adani Power and Adani Ports. 

Key Terms and Arrangements 

The bonds feature quarterly interest payments and are structured at the restricted group level to ensure that the 6 airports remain within a consolidated debt framework. The AA‑ rating reflects the credit quality of the issuance as assessed by India Ratings. 

Conclusion 

Adani Airport Holdings is set to raise ₹1,500 crore through a 3‑year bond at 8.45% to fund six airports, aiming to support capacity growth while maintaining disciplined debt levels. 

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