Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport, Bengaluru, has achieved a major financing milestone by executing a ₹9,000 crore Non‑Convertible Debenture private placement—the largest in India's airport infrastructure space. The deal, arranged by SBICAP Securities, is structured into two tranches: ₹4,362 crore closed on July 25, 2025, and ₹4,638 crore set to finalise in early October 2025.Devdiscourse

This 15‑year NCD issuance marks a strategic shift from MCLR‑linked borrowing to fixed‑rate debt backed by BIAL’s AAA credit rating. The move is expected to generate significant borrowing cost savings, optimise capital structure and preserve liquidity for future growth ventures.aci-asiapac.aero+1

According to BIAL CFO Bhaskar Rao, this landmark issuance reflects strong investor confidence in BIAL’s long‑term expansion outlook. It strengthens financial flexibility and will drive enhanced value for stakeholders—including passengers and airline partners—via improved affordability and infrastructure development.aci-asiapac.aero+2The Economic Times+2

Investor demand was robust, drawing participation from a broad range of institutions—banks, insurance firms, infrastructure debt funds and public financial institutions—enabling BIAL to narrow credit spreads and secure favourable terms aligned with its capital expenditure roadmap.aci-asiapac.aero

Currently, Kempegowda International Airport Bengaluru stands as India’s busiest airport in South India and third largest nationally. In FY 2024 it handled over 41 million passengers and more than 5 lakh metric tonnes of cargo. With 43 years remaining in its 60‑year PPP concession, BIAL is firmly focused on scaling infrastructure and enhancing passenger experience.aci-asiapac.aero