Fixed Alpha
AA-

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Adani Airport Holdings Limited

INE0GCN07039· Listed on BSE

11.59%

Yield

Tenure

1Y 8M 28D

Maturity Date

12 Jun 2028

Coupon Frequency

Annual

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

9.95%

About the Issuer

Adani Airport Holdings Ltd (AAHL) is a wholly owned subsidiary of Adani Enterprises Ltd, established to serve as the group's airport infrastructure platform for the acquisition, development, and management of airport assets. The company manages six domestic airports located in Ahmedabad, Mangaluru, Lucknow, Jaipur, Guwahati, and Thiruvananthapuram, after taking over their operations in recent years. It also owns a controlling stake in Mumbai International Airport Ltd and exercises management control over Navi Mumbai International Airport Ltd. Through its role as the holding company for the regulated special-purpose vehicles operating these airports, AAHL is responsible for overseeing airport operations as well as the development of non-aeronautical businesses. AAHL generates revenue from a range of commercial activities, including food and beverage outlets, retail stores, duty-free shopping, advertising, car parking, flight kitchen services, and foreign exchange facilities. The company is further diversifying its revenue base by monetizing land surrounding its airports through the development of airport villages featuring hotels, shopping malls, entertainment hubs, and other commercial developments.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Jun '25Coupon

₹9,950

Jun '26Coupon

₹9,950

Jun '27Coupon

₹9,950

Jun '28Coupon + Principal

₹1,09,950

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Adani Airport Holdings Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE0GCN07039If that does not work, try its BSE scrip code:BSE975733
  2. Enter the quantity required.
  3. Enter following Price:₹1,00,030.69This is the Price at which you will earn Fixed Returns (Yield) of 11.59% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.