{"id":286682,"date":"2019-08-08T06:19:31","date_gmt":"2019-08-08T06:19:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286682"},"modified":"2019-08-08T06:19:31","modified_gmt":"2019-08-08T06:19:31","slug":"air-india-spv-gets-waiver-on-sovereign-guarantee-clause","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-spv-gets-waiver-on-sovereign-guarantee-clause\/","title":{"rendered":"Air India SPV gets waiver on sovereign guarantee clause"},"content":{"rendered":"<p>In a bid to check high borrowing costs for Air India Asset Holding (AIAHL), the government has exempted the special purpose vehicle from a clause that makes sovereign guarantee on government bonds non-transferable in case of change of ownership of the company.<\/p>\n<p>AIAHL, which houses `29,464 crore of the national carrier\u2019s debt, is looking to raise around `22,000 crore through government-backed and government-serviced bonds.<\/p>\n<p>A senior government official said the ministry of finance waived off the condition as it would have increased the cost of borrowing on government-guaranteed bonds. Under this condition, the sovereign guarantee ceases to exist if the ownership of the entity is changed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to check high borrowing costs for Air India Asset Holding (AIAHL), the government has exempted the special purpose vehicle from a clause that makes sovereign guarantee on government bonds non-transferable in case of change of ownership of the company. AIAHL, which houses `29,464 crore of the national carrier\u2019s debt, is looking to raise around `22,000 crore through government-backed and government-serviced bonds. A senior government official said the ministry of finance waived off the condition as it would have increased the cost of borrowing on government-guaranteed bonds. Under this condition, the sovereign guarantee ceases to exist if the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-286682","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286682"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286682\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}