Kuwait Sovereign Fund Invests $300 Million in GMR Infrastructure
Posted on 12/04/2015
Sovereign funds have been betting heavily on India’s future. Engineering firm GMR Infrastructure, part of the listed Karnataka-based GMR Group, raised around Rs 2,000 crore (US$ 300 million) from the Kuwait Investment Authority (KIA). KIA is subscribing to a 60-year long foreign currency convertible bonds (FCCB) due 2075. The bond carries a 7.5% coupon rate. […]
