IOC raises Rs375 cr via sale of 8.20% bonds

IOC raises Rs375 cr via sale of 8.20% bonds

Reuters

Mumbai: Indian Oil Corp on Thursday raised Rs375 crores through sale of 8.20% oil bonds maturing in 2023 at a cut-off yield of 6.75%, two sources close to the deal said.

The amount accepted was lower than the issue size of Rs1000 crores.

‘They accepted all bids at the lowest yields,’ one source said. IOC had opened the issue earlier in the day.

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