Air India Assets Holdings’ maiden bond issue fully subscribed; raises ₹7,000 cr
Air India Assets Holding (AIAHL), the special purpose vehicle of Air India, has raised ₹7,000 crore on the BSE bond platform.
The national carrier has a loan book of ₹58,000 crore.
Ashwani Lohani, Chairman, AIAHL and CMD, Air India, said that the issue was subscribed at a rate of 6.99 per cent. “This reflects the confidence of the market in securities fully backed by the Government of India. The positive response received from all categories of investors will act as a stimulus to the disinvestment process of Air India.” Vinod Hejmadi, Director, AIAHL and Director Finance, Air India, said: “The issue was oversubscribed by 20.83 times despite the volatile market conditions today.
