New Delhi, Feb 25 (PTI) GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis.

The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing.

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The bonds have a coupon rate of 5 per cent and a tenure of 36 months.

The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said.

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GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)