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HPCL raises $500 million through overseas bond sale

10 Jul 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) has raised up to $500 million with its first ever overseas bond sale. The company has sold a 10-year, fixed-rate, unsecured dollar bond with a 4 percent coupon payable semi-annually and a maturity date of July 2027.

The notes are rated Baa3 by Moody's and BBB- by Fitch. India's third biggest state-owned refiner will use the proceeds to fund capital expenditure.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

HPCL Share Price

371.80 -21.20 (-5.39%)
14-Aug-2026 14:44 View Price Chart
Peers
Company Name CMP
Reliance Industries 1309.55
Indian Oil Corpn. 139.60
Bharat PetroleumCorp 318.50
HPCL 371.80
MRPL 171.50
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