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IndianOil hires banks for overseas bond sale

IndianOil hires banks for overseas bond sale
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First Published: Thu, Jan 07 2010. 01 15 AM IST
Updated: Thu, Jan 07 2010. 12 56 PM IST
Mumbai: Indian Oil Corp, India’s largest state-owned refiner, hired HSBC Holdings Plc, Standard Chartered Plc and Deutsche Bank AG to help it raise $500 million from its first overseas bond sale. This will help Indian Oil fund projects, including a 15 million-tonne-a-year refinery at Paradip in Orissa, finance director Serangulam V. Narasimhan said in a phone interview on Wednesday.
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First Published: Thu, Jan 07 2010. 01 15 AM IST