Earlier this year, Mumbai International Airport (MIAL), run by Adani Airport Holdings (AAHL), raised about $750 million in debt from US-based Apollo Global Management. The money was raised via bonds privately placed in the US, known as USPP Debt. The debt papers, of seven-plus-year maturities, carry a coupon of about 6.5%, said a market source.
Nilesh Shah says China’s $1 trillion trade surplus is built on an undervalued Yuan, not just on innovation and competitiveness
Kotak MF’s Nilesh Shah says China’s trade surplus topping $1 trillion in 11 months is not just due to innovation and competitiveness, but also a
December 9, 2025