Air India Assets Holdings Ltd (AIAHL) is expected to come out with its second bond offering worth Rs 15,000 crore in next 10 to 12 days, according to a senior official. AIAHL -  special purpose vehicle of Air India, mopped up Rs 7,000 crore through bonds on Monday and issue was oversubscribed more than 20 times. A total of Rs 22,000 crore is to be raised by sale of bonds by AIAHL and proceeds would be used to repay national carrier's debt, which is estimated to be over Rs 58,000 crore. official said AIAHL would issue bonds, guaranteed by government, to tune of Rs 15,000 crore in September. bonds, having a ten-year tenure, are expected to be issued in next 10-12 days. State-owned LIC and EPFO are likely to be among bidders, official ded.

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Air India on AIAHL

On Monday, Air India said AIAHL's bond issue with a three-year tenure of Rs 1,000 crore with a green-shoe option of Rs 6,000 crore was fully subscribed at 6.99 per cent. '' company received bids worth Rs 20,830 crore, which is highest in yield based bond market in history of BSE. company has decided to accept entire issue of Rs 7,000 crore,"  airline h said. When AIAHL was set up last year, plan was to transfer Rs 29,464 crore of Air India's debt to special purpose vehicle. w, AIAHL is raising Rs 22,000 crore through issuance of bonds. remaining amount of little over Rs 7,400 crore, in form of NCDs and in name of Air India, would be vated to AIAHL.

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Air India Assets Holdings Ltd

AIAHL has been created for warehousing accumulated working capital loan t backed by any asset along with four subsidiaries, n-core assets, painting and artefacts and or n-operational assets of airline, an official said in February. four subsidiaries are Air India Air Transport Services Ltd (AIATSL), Airline Allied Services Ltd (AASL), Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI). government is expected to soon come out with a ro map for disinvestment of Air India.

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