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SATURDAY, JULY 04, 2009 11:40 PM IST
  • Posted: Wed, Dec 3 2008. 5:51 PM IST

IOC raises Rs15 bn via bonds: sources

Sources say that the bonds will mature in eight years and carry a coupon of 10.7%, payable annually

Reuters

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Mumbai: “Indian Oil Corp (IOC) has raised Rs15 billion by placing bonds with ICICI Bank,” three market sources close to the deal said.
“The bonds will mature in eight years and carry a coupon of 10.7%, payable annually,” the sources said.
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