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. 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. Air India Assets Holding is a special purpose vehicle formed by the government to acquire the non-core assets of Air India and its subsidiaries . The bond issues will help the sell-off-bound Air India to pare away some of its debt. The sale of Air India, which has about 128 planes, will also let the government exit a loss-making business.

Source: The Telegraph October 17, 2019 21:00 UTC