<p>Raising funds for the third time in a little over a month, Air India Assets Holding Ltd (AIAHL) on Thursday raised Rs 7,985 crore through bond sale, which was oversubscribed.</p>.<p>A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to repay debt of the national carrier.</p>.<p>The civil aviation ministry on Wednesday said the third bond issue of AIAHL was fully subscribed. The issue of 10-year tenure bonds worth Rs 1,000 crore with a greenshoe option of Rs 7,064 crore received bids to the tune of Rs 15,100 crore.</p>.<p>These bonds have been subscribed at a rate of 7.39 per cent.</p>.<p>"The company received bids worth Rs 15,100 cr. The company has decided to accept the issue of Rs 7,985 crore," the ministry said in a tweet.</p>.<p>AIAHL had raised Rs 7,000 crore each on September 16 and October 10, respectively.</p>.<p>The government is preparing to divest its stake in loss-making Air India and the final contours are expected to be finalised in the coming days. The airline has a debt burden of more than Rs 54,000 crore.</p>.<p>AIAHL was set up for warehousing accumulated working capital loan not backed by any asset along with four subsidiaries -- Air India Air Transport Services Ltd, Airline Allied Services Ltd, Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI) -- and non-core assets, including painting and artefacts. </p>
<p>Raising funds for the third time in a little over a month, Air India Assets Holding Ltd (AIAHL) on Thursday raised Rs 7,985 crore through bond sale, which was oversubscribed.</p>.<p>A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to repay debt of the national carrier.</p>.<p>The civil aviation ministry on Wednesday said the third bond issue of AIAHL was fully subscribed. The issue of 10-year tenure bonds worth Rs 1,000 crore with a greenshoe option of Rs 7,064 crore received bids to the tune of Rs 15,100 crore.</p>.<p>These bonds have been subscribed at a rate of 7.39 per cent.</p>.<p>"The company received bids worth Rs 15,100 cr. The company has decided to accept the issue of Rs 7,985 crore," the ministry said in a tweet.</p>.<p>AIAHL had raised Rs 7,000 crore each on September 16 and October 10, respectively.</p>.<p>The government is preparing to divest its stake in loss-making Air India and the final contours are expected to be finalised in the coming days. The airline has a debt burden of more than Rs 54,000 crore.</p>.<p>AIAHL was set up for warehousing accumulated working capital loan not backed by any asset along with four subsidiaries -- Air India Air Transport Services Ltd, Airline Allied Services Ltd, Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI) -- and non-core assets, including painting and artefacts. </p>