Air India Assets Holding Ltd (AIAHL) on Thursday raised another Rs 7,000 crore through the issue of bonds and the proceeds will be used to repay Air India’s debt.
The 10-year tenure bonds worth Rs 1,000 crore with a greenshoe option of Rs 6,000 crore was fully subscribed at the rate of 7.39 per cent, an Air India official said.
The official said the company received bids worth Rs 21,736 crore and has decided to accept the entire issue of Rs 7,000 crore.
The special purpose vehicle of Air India set up to transfer part of its debt and assets had also raised Rs 7,000 crore in another tranche through a bond issue.
