Chicago, Dec. 4 – Oil and Natural Gas Corp. Ltd. priced $300 million 3 3/8% bonds (Baa1/BBB-) due 2029, according to a company release.
The notes are being issued under the company’s medium-term note program.
Bookrunners for the issue are Citigroup, DBS Bank Ltd., MUFG, SBI Capital Markets and Standard Chartered.
Proceeds are expected to be used for capital spending, refinancing, working capital and general corporate purposes.
The multinational oil and gas company is based in Dehradun, India.
| Issuer: | Oil and Natural Gas Corp. Ltd.
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| Issue: | Bonds
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| Amount: | $300 million
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| Maturity: | 2029
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| Coupon: | 3 3/8%
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| Bookrunners: | Citigroup, DBS Bank Ltd., MUFG, SBI Capital Markets and Standard Chartered
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| Announcement date: | Nov. 28
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| Ratings: | Moody’s: Baa1
|
| S&P: BBB-
|
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