Mumbai, July, 27 (EPC News): State-owned, Indian Oil Corporation (IOC) raised a $500 million through an overseas bonds issue to fund its capital needs. The issue was oversubscribed by about four times and IOC received offers to the tune of about $2 billion.  The bonds will have a tenure of 10 years and be utilized for meeting part of IOC's capital expenditure requirements. The deal, which was concluded earlier this week, was the second international bond issue of the company, the first being in January last year.

EPC News Bureau

Posted by: epcworld | Posted on:7/27/2011 at 10:53 AM