Petronet LNG is planning to raise Rs 1,000 crore through bonds issue this fiscal. The funds will be used to refinance the existing debt and to meet the capex requirement. The money raised through the bonds issue will be repayable in a maximum of 10 years. Further, the company is seeking shareholders’ approval to raise funds up to Rs 1,000 crore through issue of Secured/Unsecured Non Convertible Debentures through private placement either in Domestic Market or in International Market, in one or more tranches during the financial year ending on March 31, 2016.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
