By Colin Hanner
Chicago, April 11 – Oil India International Pte. Ltd. priced $500 million 10-year fixed-rate notes on Tuesday at par to yield Treasuries plus 172.5 basis points, a market source said.
Final guidance for the notes came in at Treasuries plus 172 bps.
Barclays, Citigroup, DBS Bank Ltd. and Standard Chartered Bank are the joint global coordinators and bookrunners for the deal.
Mizuho Securities and MUFG are also bookrunners.
Orders for the new notes came in at just under $2.6 billion.
The notes will be issued under Regulation S.
Proceeds will go toward repaying foreign currency debt.
The issuer is a hydrocarbon exploration and production public sector company.
| Issuer: | Oil India International Pte Ltd.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | 2027
|
| Bookrunners: | Barclays, Citigroup, DBS Bank Ltd., Mizuho Securities, MUFG and Standard Chartered Bank
|
| Price: | Par
|
| Spread: | Treasuries plus 172.5 bps
|
| Trade date: | April 11
|
| Price talk: | Treasuries plus 172 bps, revised from Treasuries plus 175 bps, plus or minus 2½ bps
|
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