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Prospect News home > News index > List of issuers I > Headlines for Indian Oil Corp. Ltd. > News item
Published on 1/15/2019 in the Prospect News Emerging Markets Daily.

Indian Oil launches $900 million of 4¾% notes due 2024

By Rebecca Melvin

New York, Jan. 15 – Indian Oil Corp. Ltd. said Tuesday it has launched an offering of $900 million of 4¾% notes due 2024.

Citigroup, DBS Bank, Sbicap Securities, Standard Chartered Bank and Westpac Banking are bookrunners for the issue.

Proceeds will be used to fund working capital.

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


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