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IOC raises Rs15 bn via bonds: sources

IOC raises Rs15 bn via bonds: sources
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First Published: Wed, Dec 03 2008. 05 51 PM IST
Updated: Wed, Dec 03 2008. 05 51 PM IST
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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First Published: Wed, Dec 03 2008. 05 51 PM IST