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Adani Airport Seeks to Raise $750mn Loan
April 24, 2025
Adani Group is in talks with international lenders, including Barclays, First Abu Dhabi Bank, and Standard Chartered, for an offshore loan of up to $750mn for its airport unit, Adani Airport Holdings. The funds will support capital expenditure and debt refinancing due in September. The loan, with a likely tenor of under five years, is expected to be finalized by early May. Adani Airport Holdings manages seven airports in India and is preparing to launch a $2bn international hub near Mumbai. This marks Adani’s second major offshore fundraising in less than a month, signaling growing confidence from global lenders despite an ongoing US bribery probe. Earlier this month, Adani raised $750mn via a private bond placement, with BlackRock purchasing about a third. In March, Adani Green also secured a $1bn loan refinancing facility from Power Finance Corporation (PFC).
Its dollar bonds traded stable with its 4.375% 2029s at 89.1, yielding 7.46%
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