INSUBCONTINENT EXCLUSIVE:
Assets Holding Ltd (AIAHL) on Thursday raised Rs 7,000 crore through issuance of bonds and the funds would be utilised to repay the debt of
Air India.AIAHL''s second bond issue worth Rs 1,000 crore with a green shoe option to raise additional Rs 6,000 crore was oversubscribed
more than 21 times.The second bond issue with 10-year tenure was fully subscribed at a rate of 7.39 per cent, according to an Air India
spokesperson.Air India Chairman and Managing Director Ashwani Lohani said in a tweet that the tremendous success of the bond issue is a
"manifestation of the confidence, investors have in the finest brand of the nation - Air India".The government is set to divest its stake in
Air India, which has a debt burden of more than Rs 54,000 crore, and AIAHL''s fund-raising exercise is part of the larger efforts to
reduce the national carrier''s debt pile
AIAHL is a special purpose vehicle of Air india."Company recvd bids worth Rs 21,736 cr, highest in yield based bond mkt of BSE
AIAHL has decided to accept the entire issue of Rs 7,000 cr," the civil aviation ministry said in a tweet.On September 16, AIAHL had raised
Rs 7,000 crore by way of issuing bonds.Get Breaking news, live coverage, and Latest News from India and around the world on
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