Air India Assets Holding raises Rs 7,985 cr more through bond sale
Raising funds for the third time in little over a month, Air India Assets Holding Ltd (AIAHL) on Thursday raised Rs 7,985 crore through bond sale, which was oversubscribed.
A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to repay debt of the national carrier.
The civil aviation ministry on Wednesday said the third bond issue of AIAHL was fully subscribed. The issue of 10-year tenure bonds worth Rs 1,000 crore with a green shoe option of Rs 7,064 crore received bids to the tune of Rs 15,100 crore.
These bonds have been subscribed at a rate of 7.39 per cent.
