Mumbai Airport delays proposed dollar bond offering

17 Mar 2022 CW Team

Adani Group's Mumbai International Airport Ltd has delayed a proposed dollar bond offering as market volatility prompts borrowers around the world to adjust their funding plans.

In late February, the operator of India's second-largest airport announced that it would be meeting with investors for the proposed issuance in an exchange filing. The deal has been put on hold due to financial market turmoil following Russia's invasion of Ukraine.

With global inflation surging and investors bracing for higher interest rates, dollar-denominated bond sales in Asia outside of Japan have fallen to their lowest levels since 2016, totalling only about $50 billion so far this year.

Due to market volatility, several Asian companies have recently changed their stance on issuance. In February, Japan Airlines Co postponed part of a planned bond sale, while Orix Bank Corp postponed a planned dual-tranche note sale.

Any bond issuance from Mumbai International Airport could be the first from the sector since the country was hit by the delta coronavirus last year.

According to the filing last month, Fitch had assigned an expected rating of BB+ with a stable outlook to the proposed notes.

Also read: AAI grants NOC to CIDCO for buildings height near Navi Mumbai airport

Infrastructure Urban

17 Jun 2025

TCS, CEB Partner to Modernise Bank Reconciliation with AI Tools

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global IT services leader, has partnered with the Council of Europe Development Bank (CEB) to modernise its operations and enhance process efficiency. Through this collaboration, TCS will implement its flagship solution, TCS BaNCS鈩� for Reconciliations, to help the bank automate reconciliation processes using artificial intelligence and intelligent automation. The platform will enable CEB to automate its entire reconciliation workflow鈥攆rom transaction matching and exception handling to investigations and reporting. It is design..

Infrastructure Urban

17 Jun 2025

Sonowal Unveils Big Push for Inland Waterways Growth in Bihar

Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, has announced a major infrastructure boost aimed at transforming inland water transport in Bihar. The announcement came during the inaugural session of the Consultative Workshop on Inland Waterways Development on National Waterway-1 (river Ganga)鈥攖he first of its kind鈥攈eld in Patna. The workshop, chaired by Shri Sonowal, was attended by several dignitaries, including Union Minister Shri Giriraj Singh, Bihar Deputy Chief Ministers Samrat Chaudhary and Vijay Kumar Sinha, State Ministers Vijay Kumar Chaudhary..

Infrastructure Urban

17 Jun 2025

CSIR-NPL Hosts Dr K. S. Krishnan Memorial Lecture 2025

To honour the legacy of its Founder Director, Dr K. S. Krishnan, the CSIR-National Physical Laboratory (CSIR-NPL), New Delhi, organised the annual Dr K. S. Krishnan Memorial Lecture on 16th June 2025. The event also commemorated the International Year of Quantum Science and Technology 2025. CSIR-NPL, a premier national research institute under the Council of Scientific and Industrial Research (CSIR), has held this lecture series since 1965, celebrating Dr Krishnan鈥檚 pioneering contributions to science by inviting eminent scientists of global repute. Over the decades, the platform has hosted ..