By Christine Van Dusen
Atlanta, July 23 - Indian Oil Corp. sold $500 million 10-year notes (Baa3//BBB-) at par to yield 5¾%, a market source said.
The notes matched talk of a 5¾% yield.
Deutsche Bank, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.
As of midday on Tuesday, the books were in excess of $3.5 billion.
Indian Oil is a state-owned oil and gas company based in Mumbai, India.
| Issuer: | Indian Oil Corp.
|
| Amount: | $500 million
|
| Maturity: | Aug. 1, 2023
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, HSBC, Standard Chartered Bank
|
| Coupon: | 5¾%
|
| Price: | Par
|
| Yield: | 5¾%
|
| Trade date: | July 23
|
| Settlement date: | Aug. 1
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | 5¾%
|
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