SME Times is powered by   
Search News
Just in:   • Intense talks continue to reach interim India-US trade deal ahead of deadline  • Coal production from India's commercial mines jumps 16.4 pc in April-June quarter  • India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri  • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister 
Last updated: 10 Oct, 2019  

Air.India.9.Thmb.jpg Air India Assets Holdings' second bond issue oversubscribed

Air.India.9.jpg
   Top Stories
» Intense talks continue to reach interim India-US trade deal ahead of deadline
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
SME Times News Bureau | 10 Oct, 2019
Air India on Thursday said that the second Bond issue of the special purpose vehicle (SPV) Air India Assets Holding Ltd (AIAHL) has been fully subscribed, a senior Air India official said.

The 10-year tenure bonds of AIAHL worth Rs 1,000 crore with a "green shoe" option of Rs 6,000 crore was fully subscribed at the rate of 7.39 per cent.

The official said that the company received bids worth Rs 21,736 crore and has decided to accept the entire issue of Rs 7,000 crore.

The special purpose vehicle of Air India for transferring part of its debt and assets, had earlier raised another tranche of Rs 7,000 crore through a bonds issue.

The bond issues will help disinvestment-bound Air India pare away some of its debt.

In an earlier decision, the government had decided to transfer debt of Rs 29,464 crore, along with other non-core assets, to the newly-created AIAHL to attract bidder interest for the carrier.

Air India has a total debt of about Rs 60,000 crore and nearly half of it is to be repaid by the proceeds from issue of bonds by AIAHL.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter