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Oil India raises $500 million through overseas bonds

14 Apr 2017 Evaluate

State-owned Oil India has raised $500 million through overseas bonds to pay for the bridge loan it had taken to acquire stake in Russian oilfields namely LLC Taas Yuryakh and JSC Vankorneft. Oil India International Pte (OIIPL), a wholly owned subsidiary of OIL, priced the 10-year notes at a coupon of 4 percent per annum payable half year. The notes will be listed on the Singapore Stock Exchange.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Oil India Share Price

470.10 7.80 (1.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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