Air India Assets Holding Ltd (AIAHL) has raised another Rs 7,985 crore through the issue of bonds, and the proceeds will be utilised to repay Air India’s debt. This the third fund-raising in little over a month by the entity.
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.
The civil aviation ministry said the third bond issue was fully subscribed. The issue of 10-year 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. The bonds have been subscribed at a rate of 7.39 per cent.
