Hyderabad airport soars in bond comeback

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By Morgan Davis
27 Jan 2021

GMR Hyderabad International Airport swooped into the bond market on Tuesday for $300m, adding money to its coffers ahead of an expectation of a revival in passenger growth.

The Indian airport, like most companies related to travel, was hit by the Covid-19 pandemic. But the Hyderabad airport still benefitted from domestic travel, as it is not reliant on international visitors for its revenues, said a syndicate head on the deal. The company has also stated that ...

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