Govt may give unconditional guarantee for AI bond sale

The government is likely to give an unconditional guarantee for Air India’s Rs 7400 crore bond sale, a government source said.

The source said the aviation and finance ministries were in final talks regarding the guarantee.

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The national carrier postponed the deadline for bid submissions for the sale to October 12, in the sixth such delay, still hoping to get an unconditional guarantee before the new date, IFR, a Thomson Reuters publication, reported on Tuesday.

Reuters