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Oil India to raise $1 billion via bonds issue

09 Apr 2014 Evaluate

Oil India is all set to mop-up $1 billion by issuing $500-million fixed rate unsecured notes due 2019, and $500-million fixed rate unsecured notes due 2024. The 2019 notes, having a five-year tenor, carry a coupon of 3.875 per cent per annum payable semi-annually, while the 2024 notes, with a 10-year tenor, carry a coupon of 5.375 per cent per annum payable semi-annually.

The notes represent unsecured obligations of the company, and would rank pari passu with all its other existing and future unsubordinated obligations.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company. Oil India has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production.

Oil India Share Price

478.00 4.15 (0.88%)
24-Apr-2026 11:41 View Price Chart
Peers
Company Name CMP
ONGC 286.30
Oil India 478.00
Jindal Drilling&Inds 534.00
Deep Industries 488.00
Asian Energy Service 313.75
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