Air India Assets Holdings Ltd (AIAHL) is expected to come out with its second bond offering worth Rs 15,000 crore in the next 10 to 12 days, according to a senior official.
AIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed nearly 20 times.
A total of Rs 22,000 crore is to be raised by sale of bonds by AIAHL and the proceeds would be used to repay the national carrier’s debt, which is estimated to be over Rs 58,000 crore.
The official said AIAHL would issue bonds, guaranteed by the government, to the tune of Rs 15,000 crore in September. The bonds, having a ten-year tenure, are expected to be issued in the next 10-12 days.
