Published on 2/4/2019 in the Prospect News Emerging Markets Daily.
New Issue: Oil India International issues $550 million 5 1/8% 10-year notes
By Rebecca Melvin
New York, Feb. 4 – Oil India International Pte. Ltd. has issued $550 million 10-year fixed-rate notes (//BBB-) with a coupon of 5 1/8%, according to an announcement on Monday.
The Regulation S notes were sold via Barclays Bank plc, HSBC, Standard Chartered Bank, Mizuho Securities Asia Ltd. and MUFG Securities Asia Ltd. as bookrunners.
The state of India owns 63.2% of the hydrocarbon exploration and production company.
| Issuer: | Oil India International Pte Ltd.
|
| Issue: | Notes
|
| Amount: | $550 million
|
| Maturity: | Feb. 1, 2029
|
| Bookrunners: | Barclays Bank plc, HSBC, Standard Chartered Bank, Mizuho Securities Asia Ltd. and MUFG Securities Asia Ltd.
|
| Coupon: | 5 1/8%
|
| Issue date: | Feb. 4
|
| Rating: | Fitch: BBB-
|
| Distribution: | Regulation S
|
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