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Airports Authority of India Calls Bids To Raise Up To INR5 Billion Via Bonds-The Economic Times


Friday, 11 Jan 2013 01:28am EST 

The Economic Times reported that Airports Authority of India has invited bids on January 14, 2013 to raise up to INR5 billion ($91.47 million) via five-year bonds, a termsheet seen by Reuters showed. The funds raised will be used to retire earlier debt and for capital expenditure, as per the document. Base size of the issue is INR3 billion. The firm is expected to decide on the coupon rate on January 15, 2013 and has scheduled the pay-in date for January 17, 2013. 

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