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Published on 5/27/2020 in the Prospect News Emerging Markets Daily.

New Issue: Indian Oil issues Rs. 30 billion of 5.05% series XVII debentures

By Sarah Lizee

Olympia, Wash., May 27 – Indian Oil Corp. Ltd. informed the Bombay Stock Exchange that it issued Rs. 30 billion of 5.05% series XVII redeemable nonconvertible debentures.

The debentures were issued in a private placement on Wednesday, according to the notice.

Based in New Delhi, the oil and gas company is 54% owned by the government.

Issuer:Indian Oil Corp. Ltd.
Issue:Series XVII redeemable nonconvertible debentures
Amount:Rs. 30 billion
Coupon:5.05%
Settlement date:May 27
Distribution:Private placement

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