IOC to sell Rs 28.53 bn of bonds
India's state-run oil refiner Indian Oil Corporation on Monday opened an issue to sell oil bonds issued to it by the government to compensate for selling retail fuel below market prices.
By PTI |
MUMBAI: India's state-run oil refiner Indian Oil Corporation on Monday opened an issue to sell oil bonds issued to it by the government to compensate for selling retail fuel below market prices.
Following are the terms and conditions of the issue, according to the bankers, Borrower Indian Oil Corporation Coupon 8.13 per cent for bonds maturing in Oct 2021, 7.75 per cent for Nov 2021, 8.01 per cent for Dec 2023, 8.20 per cent for Feb 2024 and 8.40 per cent for March 2026.
Issue amount Rs 28.53 billion. Opening date July 16 Closing date July 16 Settlement date July 18 Arrangers ICICI Securities, UTI Bank, Centrum Finance, Alliance Securities, A K Capital and Darashaw.
Following are the terms and conditions of the issue, according to the bankers, Borrower Indian Oil Corporation Coupon 8.13 per cent for bonds maturing in Oct 2021, 7.75 per cent for Nov 2021, 8.01 per cent for Dec 2023, 8.20 per cent for Feb 2024 and 8.40 per cent for March 2026.
Issue amount Rs 28.53 billion. Opening date July 16 Closing date July 16 Settlement date July 18 Arrangers ICICI Securities, UTI Bank, Centrum Finance, Alliance Securities, A K Capital and Darashaw.
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