LOW ON FUNDS, A-I SEEKS TO TAP DEBT ROUTE
Article Abstract:
Air-India (AI), which has projected a loss of Rs341 crore in 1998- 99, has chalked out several programmes to raise funds from the debt market in 1998-99. It plans to securitise its future receivables from the US through the Resurgent India Bonds. AI earns a revenue of $125-135 million from its US operations a year. Chase Manhattan, ABN Amro and SBI Caps are interested in the securitisation deal. AI plans to privately place bonds worth Rs100 crore in the domestic market. It had sought government funding of Rs1,000 crore. AI's interest charges are estimated to be Rs148 crore in 1998-99. (rk)
Comment:
Projects loss of Rs341 crore in 1998/99 & draws several programs to raise funds from debt market in 1998/99
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MAC CHARLES (INDIA) LIMITED
Article Abstract:
Mac Charles (India) Limited of Bangalore has announced its unaudited financial results for the quarter ended December 31, 1998. (ag)(m)
Comment:
Mac Charles (India) Limited of Bangalore has announced its unaudited financial results for the quarter ended December 31, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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